Market data specialist BMLL has added Shenzhen Stock Exchange (XHSE) data to its growing APAC coverage.
The firm first expanded its equities and ETF data into Asia in April this year, with the addition of Level 3 data from CBOE Japan, Japannext and Singapore Exchange, complementing the existing Tokyo Stock Exchange data already offered within the BMLL product suite.
“High quality, comprehensive historical market datasets are critical in understanding market behaviour to make better informed trading decisions,” said CEO Paul Humphrey. “Now you can use XSHE data in BMLL Vantage, BMLL Data Lab and BMLL Data Feed, alongside data all market in Japan, Hong Kong, Singapore and Australia.”
BMLL offers banks, brokers, asset managers, hedge funds, and global exchange groups immediate and flexible access to the most granular Level 3, T+1 order book data and advanced analytics across equities, futures and ETFs. The firm has seen promising growth in the past year, with a US$26m Series B funding round in October 2022 led by Nasdaq Ventures, FactSet and IQ Capital; and with a strong roster of clients including the FCA, Kepler Cheuvreux, Jefferies, SIX and Aquis.
Adding APAC data coverage is expected to benefit buy-side firms who are looking for Level 3 alpha in Asia markets, as well as sell-side execution firms who are looking to enhance their product offering by leveraging Level 3 order book data and analytics. Asia exchanges can perform venue comparisons against their peers both locally and globally, to understand their market quality or the performance of liquidity providers.
“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,” said Dr Elliot Banks, chief product officer at BMLL.
“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.”
In January this year BMLL also appointed Rob Laible as its new head of Americas, with plans to build on its existing North American presence and open a New York office.
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