BMLL, a company that provides historical Level 3 data and analytics, has announced that they are now offering coverage of Asian exchanges.
They added Level 3 data from CBOE Japan, Japannext, and Singapore Exchange to its existing coverage of Tokyo Stock Exchange, benefiting both buy-side and sell-side firms with order book data and analytics.
CEO of BMLL, Paul Humphrey, said:
The demand for high quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA and APAC. They need to get the full picture of market quality, liquidity and order dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.
He added:
It is our mission to continue to democratise access to Level 3 data and analytics and widen our data coverage across global jurisdictions. With phase one of our APAC data coverage expansion complete, we are delivering on the strategy we set out following our successful Series B fundraise in October 2022. Further exchange coverage announcements to follow in due course”.
They provides technology and data services to companies in the finance industry, such as investment banks, exchanges, and buy-side firms. Its platform offers detailed information from 65 different sources in three different types of investments.
Chief Product Officer at BMLL, Dr Elliot Banks, said:
Expanding our data offering to include APAC moves us closer towards our goal of having global coverage to benefit our community of users. Exchanges across APAC, EMEA and the US can carry out venue analytics, compare equities and ETFs, without the need to buy, curate and harmonise data. They can do this across a much larger, global market that now also includes Japan, a fragmented trading environment with multiple venues. What’s more, regulators are now able to not only analyse the European and US markets, but also follow the development of Asia markets, which have different regulatory structures.
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