BMLL Technologies, a London, UK-based independent provider of harmonised historical Level 3, 2 and 1 data and analytics across global equity, ETFs and futures markets, raised $21M in funding.
The round was led by Optiver with participation from existing investors FactSet, Nasdaq Ventures and IQ Capital’s Growth Fund, CTC Venture Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Paul Humphrey, BMLL Technologies is an independent provider of harmonised, Level 3, 2 and 1 historical data and analytics to capital market participants, covering global equities, ETFs and futures. It offers banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to the most granular Level 3, 2 and 1 T+1 order book data and advanced pre and post-trade analytics.
The latest investment followed BMLL’s Series B round, which secured a $26M strategic investment from FactSet, Nasdaq Ventures and IQ Capital’s Growth Fund in October 2022. Snowflake Ventures joined the Series B round in September 2023. Prior to that, BMLL raised $36M through Series A and seed funding rounds.
In conjunction with the investment, Optiver is now using its historical Level 3 Level 2 and 1 data to empower its algo development, execution analysis, surveillance, market validation and market structure insights.
FinSMEs
03/10/2024