BMLL Technologies stands as a data and analytics company, and announced today that it had made a partnership with Data in Harmony, or DIH. Through this new partnership, BMLL will be capable of expanding within the US region, allowing US market participants to access the Data Feed and Data Lab features of DIH.

Two new Players Gaining Mutual Benefit

As the press release details, this collaboration will aid participants, allowing them to unlock the predictive power order book data. DIH, in turn, stands as a reliable financial data provider, aiding leading financial companies. These companies include hedge funds and investment banks, as well. The company also aids various financial firms in order to have them reduce data costs, all the while maintaining the quality of said data.

This recent partnership comes after BMLL announced in October of this year. That announcement was regarding it delivering five years of granular Level 3 order book data for America-based markets. The company states that BMLL Data Lab manages to combine data from APIs with its granular Level 3 order book, doing so in a secure cloud environment. This, in turn, allows users to turn research and data into tangible results.

Leveraging A Demand In The Finance Sector

Paul Humphrey stands as BMLL Technologies’ CEO, and gave comment about today’s partnership. He expressed BMLL’s delight in collaborating with DIH, highlighting how this will make its analytics and data available to US-based market participants and clients. Humphrey stated that the need to harness the capabilities of a full-depth order book, as well as scalable cloud computing, is more important now than it ever was. He highlighted how it allows deep analytics and relevant insights to be provided to the firm’s clients, which helps them understand the true behavior of various markets.

Tom Myers stands as the Founder of DIH Solutions, and expressed his firm’s excitement regarding the Level 3 depth of book data solutions that is added to its offering thanks to BMLL. Myers stated that both he and many other market participants have desired what BMLL has to offer: Level 3 analysis and data tools without the costs and headaches of personally maintaining a data set of that size.

Some Finer Details

BMLL had opted to provide details regarding its Data Feed: it provides each of its users the chance to leverage the Data Lake and Data Lab’s collective analytical efficiency. The company states that trading companies, major exchanges, as well as major sell-side and buy-side financial institutions, leverage the BMLL Data Feed in order to gain a better understanding of trading patterns.