BMLL and Saudi Tadawul Group launch new analytics platform
The platform is set to enhance transparency, insight, and efficiency across Saudi and global capital markets.
The platform is set to enhance transparency, insight, and efficiency across Saudi and global capital markets.
Industry leaders from Rothschild & Co Global Markets Solutions, Droit, and BMLL, explore rising regulatory and data demands across the industry, as the need for data, research and technological innovation appear to be more important than ever.
Optiver remains a minority shareholder; capital injection from private equity investor Nordic Capital is set to bolster the firm’s global venue coverage, depth and multi-asset capabilities.
The offering has been developed following consultations with BMLL’s Client Product Advisory Board, which highlighted key client data challenges.
The offering will see BMLL’s pre-trade analytics integrated into Broadridge’s global OMS, and Xilix EMS in Japan.
The offering combines Ultumus’ analytics with BMLL’s historical market data to provide greater insight into ETF trading efficiency for global clients.
Specifically, level three order book data for ASX 24’s XSFE and JSE’s XSAF and ZFXM are now available in the BMLL Data Lab.
The move complements the firm’s existing US equity and futures datasets.
The latest funding round also saw continued backing from existing investors Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund.
The pair claim the joint offering will enhance performance and lower the cost of infrastructure ownership for market participants.