BMLL, a supplier
of historic monetary market information and analytics, has secured $21 million within the
newest funding spherical led by international market maker Optiver. This newest financing
follows BMLL’s $26 million Collection B spherical nearly two years in the past.
The corporate has added over 40 equities and futures datasets worldwide over the past 18 months, now masking 98% of the MSCI All Nation World Index. BMLL’s information and
analytics, which span greater than 100 international buying and selling venues, are utilized by a
numerous vary of market individuals, brokers, and regulators.
Paul Humphrey, CEO of BMLL.
“We
have an extremely numerous crew of supporting buyers, with deep-seated
international market and know-how experience, and we’re poised to scale the enterprise
additional as we construct out and scale our information feed enterprise and futures protection
and wider product providing globally,” commented Paul Humphrey, the CEO of BMLL.
The funding
spherical additionally noticed participation from present buyers FactSet, Nasdaq Ventures,
and IQ Capital’s Development Fund, with CTC Enterprise Capital becoming a member of as a brand new
investor.
As a part of
the funding, Optiver will combine BMLL’s historic Stage 3, 2, and 1 information
into its buying and selling operations, utilizing it to boost algorithm improvement,
execution evaluation, and market surveillance.
Pat Cooney, Managing Director of Optiver Europe
“The excessive
high quality of BMLL’s information, their superior analytics instruments and their best-in-class
crew have collectively considerably improved our potential to generate insights that
affect our methods,” Pat Cooney, Managing Director of Optiver Europe, commented.
“We consider these advantages can lengthen past our agency and supply substantial
worth to different market individuals as effectively.”
The
funding underscores a rising pattern within the monetary trade in the direction of a
“buy-to-build” mannequin for market information infrastructure. Fairly than
creating and sustaining their very own historic information capabilities, companies are
more and more turning to specialised suppliers like BMLL for ready-to-use information
units.
This newest
funding spherical follows BMLL’s $26 million Collection B spherical in October 2022, which
included investments from FactSet, Nasdaq Ventures, and IQ Capital’s Development
Fund. Snowflake Ventures later joined that spherical in September 2023.
We’re excited to announce that we now have closed our newest funding spherical securing a $21 million funding. Optiver leads the spherical, with FactSet, Nasdaq Ventures and IQ Capital’s Development Fund and Chicago Buying and selling Firm Enterprise Capital additionally investing.https://t.co/XCW7TYLdbd pic.twitter.com/81OsN3kJLX
— BMLL (@bmlltech) October 1, 2024
BMLL’s Current Partnerships
and Information Initiatives
BMLL has
been actively increasing its partnerships and information choices all through the
12 months. In June, the corporate introduced a
partnership with INQDATA, a cloud-based information options supplier. This
collaboration allows monetary market individuals to entry BMLL’s in depth
historic market information inside their kdb+ setting.
Earlier in
the 12 months, BMLL joined forces with CCData, an FCA-authorized benchmark
administrator specializing in digital asset information options and settlement
indices. This partnership goals to streamline entry to information throughout each
conventional and digital asset markets, offering customers with a extra
complete view of the monetary panorama.
In January,
BMLL accomplished the primary section of its program to enhance buyer entry to
datasets. The corporate made three datasets out there through the Snowflake
Market, permitting clients to entry and analyze BMLL’s information simply.
BMLL, a supplier
of historic monetary market information and analytics, has secured $21 million within the
newest funding spherical led by international market maker Optiver. This newest financing
follows BMLL’s $26 million Collection B spherical nearly two years in the past.
The corporate has added over 40 equities and futures datasets worldwide over the past 18 months, now masking 98% of the MSCI All Nation World Index. BMLL’s information and
analytics, which span greater than 100 international buying and selling venues, are utilized by a
numerous vary of market individuals, brokers, and regulators.
Paul Humphrey, CEO of BMLL.
“We
have an extremely numerous crew of supporting buyers, with deep-seated
international market and know-how experience, and we’re poised to scale the enterprise
additional as we construct out and scale our information feed enterprise and futures protection
and wider product providing globally,” commented Paul Humphrey, the CEO of BMLL.
The funding
spherical additionally noticed participation from present buyers FactSet, Nasdaq Ventures,
and IQ Capital’s Development Fund, with CTC Enterprise Capital becoming a member of as a brand new
investor.
As a part of
the funding, Optiver will combine BMLL’s historic Stage 3, 2, and 1 information
into its buying and selling operations, utilizing it to boost algorithm improvement,
execution evaluation, and market surveillance.
Pat Cooney, Managing Director of Optiver Europe
“The excessive
high quality of BMLL’s information, their superior analytics instruments and their best-in-class
crew have collectively considerably improved our potential to generate insights that
affect our methods,” Pat Cooney, Managing Director of Optiver Europe, commented.
“We consider these advantages can lengthen past our agency and supply substantial
worth to different market individuals as effectively.”
The
funding underscores a rising pattern within the monetary trade in the direction of a
“buy-to-build” mannequin for market information infrastructure. Fairly than
creating and sustaining their very own historic information capabilities, companies are
more and more turning to specialised suppliers like BMLL for ready-to-use information
units.
This newest
funding spherical follows BMLL’s $26 million Collection B spherical in October 2022, which
included investments from FactSet, Nasdaq Ventures, and IQ Capital’s Development
Fund. Snowflake Ventures later joined that spherical in September 2023.
We’re excited to announce that we now have closed our newest funding spherical securing a $21 million funding. Optiver leads the spherical, with FactSet, Nasdaq Ventures and IQ Capital’s Development Fund and Chicago Buying and selling Firm Enterprise Capital additionally investing.https://t.co/XCW7TYLdbd pic.twitter.com/81OsN3kJLX
— BMLL (@bmlltech) October 1, 2024
BMLL’s Current Partnerships
and Information Initiatives
BMLL has
been actively increasing its partnerships and information choices all through the
12 months. In June, the corporate introduced a
partnership with INQDATA, a cloud-based information options supplier. This
collaboration allows monetary market individuals to entry BMLL’s in depth
historic market information inside their kdb+ setting.
Earlier in
the 12 months, BMLL joined forces with CCData, an FCA-authorized benchmark
administrator specializing in digital asset information options and settlement
indices. This partnership goals to streamline entry to information throughout each
conventional and digital asset markets, offering customers with a extra
complete view of the monetary panorama.
In January,
BMLL accomplished the primary section of its program to enhance buyer entry to
datasets. The corporate made three datasets out there through the Snowflake
Market, permitting clients to entry and analyze BMLL’s information simply.
