BMLL to Expand in the US Through Collaboration With DIH

BMLL Technologies, the data and analytics provider, on Thursday, announced a partnership with Data in Harmony (DIH), a market data provider for investment banks and hedge funds, to solidify footprint in the US. The new partnership makes BMLL Data Lab and Data Feed available to the US-based market participants, helping them unlock the predictive power of order book data.

The collaboration follows the announcement in October 2020 that BMLL is delivering five years of granular, Level 3 order book data for US markets. According to the company, BMLL Data Lab combines BMLL's granular Level 3 order book data with easy-to-use APIs and analystics libraries in a secure cloud environment allowing users to efficiently turn research into results. BMLL Data Feed provides users with the full power of the BMLL Data Lake and Data Lab's analystics capablities.

DIH's distribution agreement brings BMLL's data and analytics capabilties to US market participants through DIH's extensive network of buy-side players and service providers.

 "We are excited to add BMLL's Level 3 depth of book data solutions to our offering," says Tom Myers, founder of DIH Solutions. "Prior to founding DIH, I spent a good part of my career providing high-frequency tick-by-tick data to the buy- and sell-side. However, depth of book data just wasn't feasible to make commercially available given its storage challenges and the lack of tools available to analyze it. 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.”

Paul Humphrey, CEO of 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.”