Kepler Cheuvreux selects BMLL for order book analytics and algo development
London, 17 May 2022:
BMLL, the leading, independent provider of harmonised, historical Level 3 Data and analytics, today announced a collaboration with Kepler Cheuvreux, the independent European financial services company specialising in research, execution, advisory, and asset management services. BMLL provides Kepler Cheuvreux’s Quant Research and Algo Development Teams with access to the BMLL Data Lab and granular Level 3 Data to carry out in-depth order book analytics and optimise algo performance.
The BMLL Data Lab is used by sophisticated quants and researchers seeking alpha and actionable insight that are easy to integrate into quantitative research processes and production pipelines. It provides users with more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment, allowing firms to perform scalable research without the burden of data sourcing, data curation or data engineering.
Ksenya Rulik, Head of Quant Research at Kepler Cheuvreux, said: “We are delighted to start our journey towards new frontiers in market microstructure research, supported by the great technology of the BMLL Data Lab.”
Using the BMLL Data Lab, Kepler Cheuvreux’s Quant Researchers are able to spend 80% of their time generating market leading order book research rather than cleansing and harmonising data sets. At the same time, the Algo Development Team gains access to high quality, granular Level 3 data to backtest trading strategies, improve algo development and alpha generation.
Jean François Perreton, Head of Algorithmic Trading Quant at Kepler Cheuvreux, added: “As a multi-local agency broker, a deep understanding of order book dynamics for every venue and how it relates to market impact is of paramount importance. By leveraging BMLL Level 3 Data capabilities, we intend to derive unique insights that will put us at the forefront of algorithmic trading innovation.”
The BMLL Data Lab seamlessly integrates with production tools and workflows, allowing users to efficiently turn research into actionable results. BMLL’s 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.
Paul Humphrey, CEO, BMLL, concluded: “We are delighted to work with Kepler Cheuvreux and support their algo development and order book analytics. We have significantly invested into our Data Science as a Service offering to unlock the predictive power of pricing data; we have done the heavy lifting when it comes to data engineering, so that our customers can focus on their business.”
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 Kepler Cheuvreux
Kepler Cheuvreux is a leading, independent European financial services company that specialises in Research, Execution, Fixed Income and Credit, Structured Solutions, Corporate Finance and Asset Management. The group employs a staff of around 600 and is present in 13 major financial centres in Europe and the US: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna, and Zurich.
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