BMLL has partnered with INQDATA to provide access to the most “complete and accurate” historical market data within the kdb+ environment.
The pair said the offering will enhance performance and lower the cost of infrastructure ownership for market participants, by removing the need to commit additional data science infrastructure and resources.
BMLL CEO Paul Humphrey said: “The level of sophistication across capital markets is constantly increasing, and with it, the demand for high-quality data to understand market behaviour and maintain a competitive edge. This partnership is about making our data available where our clients want it, and in the format that they want.
“Market participants are now able to derive insights by accessing the complete BMLL API library and quantitative analysis tooling within their environment. They no longer need to dedicate precious time, budget and resources to data engineering and infrastructure. Instead, they can focus on conducting large-scale quantitative and market microstructure analyses to enhance trading outcomes,” Humphrey added.
Theodore Voegt, CEO of INQDATA, added: “Our combined services provide market participants with the necessary tooling to access high-quality historical market data and analytics as well as data management and distribution to enhance decision-making and unlock new opportunities for customers. Users can generate insights and pursue opportunities without the need to commit additional infrastructure and resources, accelerating return on investment and reducing the overall cost of ownership.”
Combining BMLL datasets with INQDATA technology enables users, such as data scientists and application developers, to access and explore granular historical market data and analytics derived from Level 3 Data. They can accelerate their speed to insights and better understand trading behaviours, allowing them to optimise trading strategies and test new markets at unprecedented speed. In addition, they gain a deeper understanding of the cost of execution and increase the development speed and efficacy of their quantitative models.
The partnership will bring together BMLL’s data collection, cleansing, curation and analytics generation and INQDATA’s data ingestion, storage, management and distribution capabilities to provide market participants with access to complete, reliable historical market data within their environment, without the engineering requirements to reformat.
Users can leverage the combined, scalable cloud architecture of BMLL and INQDATA on demand to conduct large-scale quantitative and market microstructure analysis.
©Markets Media Europe 2024
