Trading infrastructure provider Exegy has entered into an introducer partnership with Level 3 historical data and analytics provider BMLL Technologies.
The partnership will offer qualitative traders the ability to manually take granular, historical data to enhance algos and derive alpha by using the data in Exegy’s back-testing and simulation solutions.
“Accessing BMLL data now enables our clients to do strategy back-testing on high-fidelity data and execute using our real-time data. What sets BMLL apart is the way the data is sourced, saved and curated,” said David Taylor, chief executive of Exegy.
According to Exegy, up to 80% of a quant’s time is spent on data analysis, leaving only 20% to develop algos.
This partnership will help free up the time spent on the analysis process, alongside democratising access to trading intelligence.
“Firms increasingly need a deeper understanding of market shifts, liquidity dynamics and opportunities for alpha. This requires rapid access to full-depth order book historical data— engineered and formatted ready for use,” said Paul Humphrey, chief executive of BMLL.
“BMLL’s Level 3 data and Exegy’s low latency capabilities are built on the same PCAP source data, making it easy for users to access both real-time and historical data sets with the same precision and granularity for their research.”