Broadridge Financial Solutions has entered a strategic partnership with BMLL Technologies in a bid to integrate pre-trade analytics into its global sell-side, and Japanese buy-side, trading participants.
Brian Pomraning
Specifically, Broadridge is integrating BMLL’s pre-trade analytics into the firm’s sell-side global order management system (OMS) and buy-side execution management system (EMS) – Xilix – in Japan as it seeks to provide clients with new pre-trade capabilities.
The integration is set to enable clients of both workflows to gain immediate access to advanced analytics at the point of order entry, allowing traders to receive predictions on insights including execution time, market impact, participation rates, spread costs and risk exposure.
Brian Pomraning, chief product officer of Broadridge Trading and Connectivity Solutions, said: “We are providing traders with unprecedented pre-trade insights to optimise their trading decisions at the point of execution. By seamlessly integrating BMLL’s high-quality data and analytics, we are empowering our clients to achieve better outcomes – enhancing trading performance, managing risk, and meeting their own clients’ demands.”
Additionally, the integration now allows Broadridge’s OMS and Xilix EMS to provide their clients with a wider offering, spanning average daily volumes by trading session, real-time average volume at time (AVAT), remaining volume at time (RVAT) and dynamic execution timing assessments.
The firms have also said that the combined offering will address common challenges facing trading participants, such as navigating multiple venues, liquidity profiles, fast-changing trading patterns and market volatility.
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“Our mission has always been to democratise access to our datasets. As a result, we are increasingly witnessing a shift across market participants towards buy-and-build strategies, cementing the fact that owning or engineering vast amounts of data is no longer what differentiates firms,” said Dr Elliot Banks, chief product officer, BMLL.
The integration follows similar developments for BMLL in recent months. In July 2025, the firm was selected by London-based index and data provider, Ultumus, in a move which saw the firm leverage BMLL’s data offering to provide insight into the ETF trading efficiency of the firm’s portfolio composition file (PCF) service for global clients.