The data engineering and analytics firm BMLL has appointed Paul Humphrey as Chief Executive Officer, to drive the scale-up of the business and realize the firm’s mission to democratize access to granular market data and analytical products at speed and scale. The outgoing CEO, Johannes Sulzberger, will remain on the BMLL board as a Non-Executive Director.
A senior executive with decades of experience in leading positions across the brokerage, banking, data, and exchange world, Humphrey established his own consultancy business in 2019. Prior to that, he was the Global Head of FICC for Euronext NV and served as interim Chief Executive Officer of Euronext London.
Throughout his career, he has held senior business, strategy, and sales positions with Van der Moolen, SLK/Goldman Sachs, and ICAP, as well as Chief Executive Officer for Electronic Broking & Information at Tullett Prebon and global head of eCommerce for ABN Amro NV.
Paul Humphrey, Chief Executive Officer of BMLL Technologies, commented: “I am delighted to be joining BMLL at such an exciting time for the business. To receive the backing of Oceanwood, IQ Capital and Angel CoFund is clear evidence that the demand for quality market metrics and analytics to make sense of market trends and drive performance for market participants has never been more important. I look forward to working alongside our investors and our market-leading clients. I am also tremendously proud to lead BMLL’s extremely experienced and capable management team to continue to scale our business and build on our success to date.”
Lee Hodgkinson, Chairman of BMLL Technologies, said: “I am very excited that Paul has joined the BMLL management team. I have known and worked with Paul for a number of years; his deep market expertise, insights, and leadership are set to accelerate BMLL’s mission to bring deeper data transparency and analytics to capital markets participants, to help them make more informed decisions”.
Kerry Baldwin, Managing Partner at IQ Capital, added: “At IQ Capital we invest in thought leaders bringing new technologies and approaches to the market. BMLL is unique in the capital markets space; their data analytics capabilities are front and center to any market participant looking for alpha-generating ideas and a competitive edge. We have been very impressed with the deep expertise of the technology team and their understanding of the technological challenges in this space. They have created a unique solution to one of the biggest challenges faced in capital markets. We are proud to be investing in BMLL and working with them to rapidly scale their business.”
Paul Humphrey concluded: “We would like to thank Johannes Sulzberger for his service as CEO of BMLL and look forward to continuing our work with him in his capacity as BMLL non-executive director.”
BMLL raised $25 million from investors, including Oceanwood, VC firm IQ Capital, and investment fund Angel CoFund. The fundraise and the appointment of Paul Humphrey come on the back of the launch of Platometrics, a new market quality metrics tool, to provide market participants with a complete picture of trading data and trends from European venues, entirely free of charge.
Platometrics provides a consolidated overview of European liquidity across Lit, Dark/Grey, Bilateral, and Non-Addressable trades. The solution helps to address core challenges faced by market participants, namely; addressable liquidity, cross-venue price formation, and execution quality.