Experience the Benefits of Level 3+ Data
Level 1
Level 2
Level 3
Level 3+
Level 1

Simple Data

— Best bid & offer plus trades

Simple Trades

— Midpoint price
— Addressable traded volume
— Average spread

Level 2

Deep Insight

— Order book aggregated by price

Aggregated Orderbook

— Average execution cost
— Average liquidity away from midpoint

Level 3

Full transparency

— Full order book with all individual orders

Individual orders behaviour

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

BMLL Enhanced 3+

Full predictability

— Full order book mapped to private data

Private Participant behaviour

— Participant market impact
— Participant fill rate
— Participant order resting time
— Participant specific predictive insight