January 15th, 2020
Closes financing round with participation from Oceanwood, IQ Capital and Angel CoFund bringing funding raised to date to 25m USD
London, 15 January 2020: BMLL Technologies, the data engineering and analytics firm, today announced the appointment of Paul Humphrey as Chief Executive Officer. A senior executive with decades of experience in leading positions across the brokerage, banking, data and exchange world, Paul Humphrey joins BMLL Technologies to drive the scale up of the business and realise the firm's mission to democratise access to granular market data and analytical products at speed and scale.
In 2019 Paul established his own consultancy business, advising financial institutions, boards and fintech firms on their corporate and growth strategies. Prior to that he was the Global Head of FICC for Euronext NV and served as interim Chief Executive Officer of Euronext London. Previously, Paul was Chief Executive Officer for Electronic Broking & Information at Tullett Prebon and global head of eCommerce for ABN Amro NV. Throughout his career he has held senior business, strategy and sales positions with Van der Moolen, SLK/Goldman Sachs and ICAP.
Johannes Sulzberger, the outgoing CEO, will remain on the BMLL board as a Non-Executive Director.
In January 2020 BMLL Technologies also closed their latest funding round, having raised USD 25m from investors including Oceanwood, VC firm IQ Capital and investment fund Angel CoFund.
The fundraise and the appointment of Paul Humphrey come on the back of the launch of Platometrics, the new market quality metrics tool offering a consolidated overview of European liquidity across Lit, Dark/Grey, Bilateral and Non-Addressable trades. Platometrics showcases BMLL’s capabilities in providing simple answers to the core challenges faced by market participants, namely; addressable liquidity, cross-venue price formation and execution quality.
Paul Humphrey, Chief Executive Officer of BMLL Technologies, said: “I am delighted to be joining BMLL at such an exciting time for the business. To receive the backing of Oceanwood, IQ Capital and Angel CoFund is clear evidence that the demand for quality market metrics and analytics to make sense of market trends and drive performance for market participants has never been more important. I look forward to working alongside our investors and our market leading clients. I am also tremendously proud to lead BMLL’s extremely experienced and capable management team to continue to scale our business and build on our success to date.”
Lee Hodgkinson, Chairman of BMLL Technologies, commented: “I am very excited that Paul has joined the BMLL management team. I have known and worked with Paul for a number of years; his deep market expertise, insights and leadership are set to accelerate BMLL’s mission to bring deeper data transparency and analytics to capital markets participants, to help them make more informed decisions.”
Kerry Baldwin, Managing Partner at IQ Capital, added: “At IQ Capital we invest in thought leaders bringing new technologies and approaches to the market. BMLL is unique in the capital markets space; their data analytics capabilities are front and centre to any market participant looking for alpha generating ideas and a competitive edge. We have been very impressed with the deep expertise of the technology team and their understanding of the technological challenges in this space. They have created a unique solution to one of the biggest challenges faced in capital markets. We are proud to be investing in BMLL and working with them to rapidly scale their business.”
Paul Humphrey concluded: “We would like to thank Johannes Sulzberger for his service as CEO of BMLL and look forward to continuing our work with him in his capacity as BMLL non-executive director.”
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Notes to Editors: Paul Humphrey, Chief Executive Officer
Paul Humphrey is the Chief Executive Officer of BMLL, the data engineering and analytics firm. A seasoned Board Director and Strategic Advisor, with extensive experience in market infrastructure, market data, fixed-income, foreign exchange, derivatives and commodities, he has built successful teams and led the strategic responses to technology and regulatory challenges across organisations.
Formerly, Paul served as interim Chief Executive Officer of Euronext London and Global Head of FICC at Euronext NV, where he was responsible for the development and execution of strategy in Fixed-income, Rates, Foreign Exchange and Commodity markets. Prior to that, Paul was Chief Executive Officer of Electronic Broking & Information at Tullett Prebon, responsible for determining the group’s strategy for electronic broking, application development and information sales.
Throughout his career Paul has held senior positions as Global Head of eCommerce with ABN Amro, Head of Fixed-income with Van der Moolen, Head of Fixed-income sales & eCommerce with SLK/Goldman Sachs and Managing Director of European Fixed-income with ICAP. In 2019 he established his own consultancy business Humphrey House Advisors Ltd., helping financial institutions, boards and fintech firms on their corporate strategy.
About BMLL Technologies BMLL Technologies is a financial data engineering and data analytics company serving the world’s most sophisticated market participants. BMLL specialises in providing clients access to granular order book data and advanced analytical power at unparalleled speed and scale. Born out of the machine learning labs in the Engineering Department at Cambridge University, the platform allows financial services firms to apply complex statistical techniques to niche big-data sets and perform machine learning on Level 3 order book data with applications such as market impact, pre & post trade analytics, order book simulation and compliance. The offering means clients no longer need to buy and curate the data from global exchanges, instead are offered cost effective access to the full order book with a long history for back-testing. For more information, please visit our website, www.bmlltech.com or visit our Twitter, @bmlltech