Aquis collaborates with BMLL to deliver venue, market quality and liquidity analytics to its members
BMLL provides third-party verification of passive liquidity dynamics on Aquis vs European exchanges
London, 9 May 2022:
BMLL, the leading, independent provider of harmonised, historical Level 3 Data and analytics, today announced a collaboration with Aquis Exchange (Aquis), operator of Pan-European equity trading exchanges, to provide its Members with insights into market structure dynamics, including venue quality and liquidity analytics.
Using BMLL’s granular Level 3 Data and analytics, Aquis is able to monitor and evidence liquidity dynamics and provide its Members with third-party, independent verification on the availability of passive liquidity on its own venues versus other European exchanges. This insight helps unlock valuable trading opportunities for Aquis Members, increasing fill probabilities at a better rate and with minimum market impact.
BMLL offers full order book transparency by bringing together granular Level 3 Data from 65 venues across equities, ETFs and futures in one harmonised format. BMLL Level 3 Data captures all individual orders and messages, providing market participants insights into order fill probability; order resting time; and order queue dynamics. What’s more, BMLL’s cloud engineering dramatically improves research and analysis performance: market participants can derive meaningful venue and market quality analytics as well as liquidity and order book dynamic insights to make better informed decisions on the markets they trade and the venues they run.
David Stevens, Chief Revenue Officer of Aquis, said: “As Europe’s 7th largest exchange, we are constantly looking to enhance the liquidity and execution opportunities for our Members. By using BMLL Level 3 Data and advanced analytics we are now able to engage with our Members to compare their trading dynamics on our exchange versus their peer group and to demonstrate that Aquis offers superior trading outcomes for both passive and aggressive strategies. In addition, we are able to evidence our ability to consistently be present at the ‘European Best Bid and Offer’ (EBBO), regularly ranking in the top 2 across European exchanges.”
Paul Humphrey, CEO of BMLL, commented: “We have been collaborating with Aquis Exchange for the last six months and we are delighted to help them showcase the unique strengths of their market model to their Members. Aquis is now able to demonstrate better and deeper liquidity, as well as monitor the performance of the market, improve access to best price and ultimately reduce market impact. We look forward to deepening our collaboration over the coming months.”
BMLL Level 3 Data and analytics are delivered as Data Science as a Service, directly into existing workflows to ensure ease of access and enhanced speed to output.
Sybille Mueller, Carmen Rey - Streets Consulting
Telephone: 020 7959 2235
About BMLL Technologies
BMLL Technologies is the leading, independent provider of harmonised, Level 3 historical data and analytics to the world’s most sophisticated capital market participants.
BMLL offers banks, brokers, asset managers, hedge funds and global exchange groups immediate and flexible access to the most granular Level 3, T+1 order book data and advanced analytics, enabling them to accelerate research, optimise trading strategies and generate alpha at unparalleled speed and scale.
Founded in 2014 in the machine learning laboratories of the University of Cambridge, the platform enables researchers and quants across global financial services firms to apply complex statistical techniques to BMLL’s unique big-data sets with applications such as market impact, pre and post trade analytics, order book simulation and compliance. Users no longer need to buy, curate and harmonise data. With BMLL, they gain cost-effective, instant access to a cloud-native Data Science environment via a single web portal, with a long history of the most granular, full order book data across global equities, futures and ETFs for back-testing and simulation, delivered directly into their workflows.
About Aquis Exchange PLC
Aquis Exchange PLC is an exchange services group, with subsidiaries which operate a pan-European cash equities trading businesses (Aquis Exchange), a growth and regulated primary market (Aquis Stock Exchange/AQSE) and develop/license exchange software to third parties (Aquis Technologies).
Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France's Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK/Switzerland and in EU27 respectively. Aquis Exchange operates lit and dark order books, covering 16 European markets. For its lit books, Aquis Exchange uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade and does not allow aggressive non-client proprietary trading, which has resulted in lower market impact and signalling risk on Aquis Exchange than other trading venues in Europe.
Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue. The AQSE Growth Market is divided into two segments 'Access' and 'Apex', with different levels of admission criteria. The Access market focuses on earlier stage growth companies, while Apex is the intended market for larger, more established businesses.
Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.
Aquis Exchange PLC is listed on the Aquis Stock Exchange and on the Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu.