BMLL Technologies has expanded its equities and exchange traded funds (ETFs) data coverage to include Asia exchanges.
Level 3 data from CBOE Japan, Japannext and Singapore Exchange is now available to BMLL users, providing market participants with the industry’s first global view of market or venue behaviour based on the most granular, Level 3 data available.
This complements the existing Tokyo Stock Exchange data already offered within the BMLL product suite.
BMLL users include banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators.
It said they now have access to the most granular Level 3, T+1 order book data on a global scale, as well as advanced pre and post-trade analytics.
The fintech noted that adding APAC data coverage benefits buy side firms who are looking for Level 3 alpha in Asia markets, or sell side execution firms, who want 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.
“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,” said Paul Humphrey, CEO of BMLL.
He added, “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.
BMLL brings together full depth, historic Level 3 Data from 65 venues, in 3 asset classes, in 1 harmonised format, capturing more than 7 years of every insert, modify, execute or delete order book message, available at a T+1 basis at tick level granularity.
