Use the most granular Level 3 historical ‘market dynamic’ datasets available to identify critical market characteristics during venue selection processes.
Buy-side — evaluate how your orders are interacting with the true available liquidity
Sell-side — optimise smart order routing decisions and client communications by understanding individual venue and order book characteristics
Exchanges — assess performance of your liquidity providers with in-depth Level 3 order behaviour analysis
- Resting time of orders per venue
- Granular order fill rates and partial fill rates per venue
- Cross market Insert/Delete/Executed/Modify/Replace message statistics
BMLL metrics are derived from every single insert, modify, execute or delete order message across every venue, available at daily and intraday resolution.
Contact us to produce custom Level 3 data bundles to fit your specific needs.