BMLL Collaborates with DIH to Expand in the USNovember 12, 2020
Data and analytics company, BMLL Technologies, today announced a partnership with Data in Harmony (DIH) to expand its presence in the US region. The new partnership allows the US-based market participants to access BMLL Data Lab and Data Feed through DIH.
According to the press release shared with Finance Magnates, the collaboration will help participants to unlock the predictive power order book data. DIH provides reliable financial data to leading financial companies including investment banks and hedge funds. The company also helps financial firms to reduce data costs while keeping the data quality intact.
The recent partnership follows the announcement from BMLL in October this year in which the company said it is delivering five years of granular, Level 3 order book data for the markets in America. According to the company, BMLL Data Lab combines data from BMLL’s granular Level 3 order book with APIs in a secure cloud environment allowing users to turn data and research into results.
Commenting about today’s partnership, Paul Humphrey, CEO at BMLL Technologies, said: “We are delighted to collaborate with Data In Harmony and make our data and analytics available to clients and market participants via their US-based ecosystem. It is now more important than ever to harness the power of the full-depth order book and scalable cloud compute to provide relevant insights and deep analytics to our clients, helping them to truly understand how markets behave.”
“We are excited to add BMLL’s Level 3 depth of book data solutions to our offering. BMLL has built what I and so many market participants have wanted, access to Level 3 data and analysis tools without all the headaches (and costs) of maintaining such a large data set,” says Tom Myers, Founder of DIH Solutions.
BMLL Data Feed
Additionally, BMLL provided details about its Data Feed which provides all the users an opportunity to take advantage of BMLL’s Data Lake and Data Lab’s analytical efficiency. According to the company, major exchanges, trading companies, and leading buy-side and sell-side financial institutes are using BMLL Data Feed to better understand the trading patterns.
Furthermore, BMLL made some important management changes recently to strengthen its sales division.
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