BMLL brings Level 3, 2, and 1 data to ultra-fast kdb+ database

“The level of sophistication across capital markets is constantly increasing, and with it, the demand for high-quality data to understand market behavior and maintain a competitive edge. This partnership is about making our data available where our clients want it, and in the format that they want.”

BMLL has teamed up with INQDATA for a joint offering that will enhance performance and lower the cost of infrastructure ownership for market participants by removing the need to commit additional data science infrastructure and resources.

The enhanced offering provides access to the most complete and accurate historical market data within the kdb+ environment, according to the firm which specializes in harmonized, historical Level 3, 2, and 1 data and analytics across global equity, ETFs, and futures markets.

Accelerate speed to insights and better understand trading behaviors

Combining BMLL datasets with INQDATA technology enables users, including data scientists and application developers, to easily access and rapidly explore granular historical market data and analytics derived from Level 3 Data.

Powered by the kdb+ database, INQDATA simplifies the ingestion, processing, storage, infrastructure management, and access to analytic-ready market data for any financial market use case at the lowest cost.

Together, the two databases can accelerate speed to insights and better understand trading behaviors, allowing users to optimize trading strategies and test new markets at unprecedented speed. In addition, they gain a deeper understanding of the cost of execution and increase the development speed and efficacy of their quantitative models.

The partnership will bring together BMLL’s data collection, cleansing, curation, and analytics generation and INQDATA’s data ingestion, storage, management, and distribution capabilities to provide market participants with access to complete, reliable historical market data within their environment, without the engineering requirements to reformat. The joint offering should be particularly valuable for banks, brokers, asset managers, hedge funds, global exchange groups, and academic institutions to derive predictable insights and understand how markets truly behave.

“Making our data available where our clients want it, and in the format that they want”

Paul Humphrey, CEO of BMLL, said: “The level of sophistication across capital markets is constantly increasing, and with it, the demand for high-quality data to understand market behavior and maintain a competitive edge. This partnership is about making our data available where our clients want it, and in the format that they want. Our collaboration with INQDATA is another step in our mission to democratize access to data and analytics at scale. Market participants are now able to derive insights by accessing the complete BMLL API library and quantitative analysis tooling within their environment. They no longer need to dedicate precious time, budget, and resources to data engineering and infrastructure. Instead, they can focus on conducting large-scale quantitative and market microstructure analyses to enhance trading outcomes.”

Theodore Voegt, CEO of INQDATA, added: “We are very excited about our collaboration with BMLL. Our combined services provide market participants with the necessary tooling to access high-quality historical market data and analytics as well as data management and distribution to enhance decision-making and unlock new opportunities for customers. Users can generate insights and pursue opportunities without the need to commit additional infrastructure and resources, accelerating return on investment and reducing the overall cost of ownership.”



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