BMLL Technologies

Unlocking the predictive power of pricing data

Understand how markets truly behave through access to the full depth order book and the tools to analyse it
  • Traders & Quants

  • Exchanges & Trading venues

  • ISV/ Fintech

  • Market data redistributors

  • Compliance & Risk analysts

  • Regulators

Level 3 data gives you the relevant information you need to understand how the market truly behaves

Level 1

Best bid & offer plus trades

Aggregated volumes
Only 1 price level

Trade behaviour

  • Midpoint price
  • Addressable traded volume
  • Average spread

Level 2

Order book aggregated by price

Aggregated volumes
Up to 10 price levels

Orderbook behaviour

  • Volume imbalance
  • Average execution cost
  • Average liquidity away from midpoint

Level 3

Full order book with all individual orders

Individual orders with place in queue

Individual order behaviour

  • Order fill probability
  • Order resting time
  • Order queue dynamics
  • Predictive capabilities

Level 4

Full order book mapped to participants’ private data

Understand client’s place in queue
Map client orders to the public order book

Participant behaviour

  • Participant market impact
  • Participant fill rate
  • Participant order resting time
  • Participant specific predictive insight
Our process helps you understand how markets behave
Maximise your insight through our product range
About us

  • BMLL Technologies was founded in 2014 by researchers from the Signal Processing labs at the University of Cambridge. After spending years working in quantitative finance research, we realized that there was a common problem: the lack of easy access to granular order book data in a usable form
  • Since then we have grown to a diverse team of over 50, consisting of technologists, data scientists and finance professionals, with the single goal of delivering tools and analytics that unlock the predictive power of pricing data
  • Over the past 5 years, we have grown our client base significantly, serving some of the best known brands in capital markets across the buy-side, sell side, brokers and exchange groups
  • Our technology has been recognised at industry awards for the past 3 years, and we were named as one of the most influential Fintechs of 2019. We have partnerships with the world’s leading exchange groups and in 2019 joined Schroder’s Cobalt programme
  • Our senior leadership team has considerable experience throughout the world of capital markets, having worked for leading exchanges, data vendors, asset managers, brokers and investment banks
  • Our board has deep experience across finance and technology. Well funded, our backers include IQ Capital, Oceanwood and Angel Cofunds, as well as elite finance and technology entrepreneurs

The Team

Leadership team

PAUL HUMPHREY
DR HUGH CHRISTENSEN
NIGEL MEDHURST
DR DAVID ROBINSON
BEN COLLINS
WILLIAM L'HEVEDER
DR ELLIOT BANKS
ANETA BLAZYCZEK

Board of Directors

LEE HODGKINSON
JOHANNES SULZBERGER
SIMON WAUGH
KERRY BALDWIN

Scientific Advisory Board

PROFESSOR STUART MADNICK
PROFESSOR SIMON GODSILL
PROFESSOR DOYNE FARMER
PROFESSOR MAUREEN O’HARA
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