Saudi Arabia has introduced its first cloud analytics platform for investors and analysts. Wamid, the technology branch of Saudi Tadawul Group, partnered with BMLL Technologies to create this new platform. It offers tools that were not available before in the country’s financial markets, opening new possibilities for market participants.

The platform lets users access past trading records and run advanced financial models using Python. This helps investors and analysts study market patterns and improve their trading strategies. It also allows them to explore market behavior in ways not possible before, allowing easier development of good plans.

BMLL Provides Market Data From Over 100 Trading Centers

BMLL Technologies provides a large amount of market data from over 100 trading centers worldwide. Their data includes stocks, ETFs, futures, and options. Bringing this extensive data to Saudi Arabia gives local investors valuable resources to pick options wisely and stay in the game.

Users will receive next-day order book data and detailed trade reports directly in their work systems. This removes the usual challenges of gathering and preparing data. It will help firms analyze market movements clearly and follow compliance rules with less effort.

The platform fits well with Saudi Arabia’s plans to grow its financial markets and attract more investors. Offering advanced tools encourages smarter trading and greater transparency, which is important for building trust in the market.

BMLL Technologies Raises $21 Million To Grow Its Cloud Data Service

BMLL Technologies began operations in 2014 at the University of Cambridge. The company recently raised $21 million in funding, led by Optiver, to support its cloud data platform’s growth worldwide. This funding helps BMLL improve its technology and expand its services to more markets.

This platform is among several recent partnerships BMLL formed. Earlier this year, they worked more closely with Exegy to combine past and real-time data for U.S. options trading. They also teamed up with Pico to improve access to both current and past data, helping traders and researchers get better results.

Wamid says this platform helps bring modern financial tools to Saudi Arabia’s market. It will support investors and analysts as the market grows and competition becomes stronger. This is part of a wider effort to modernize the financial system.

By launching this platform, Saudi Arabia gives investors new ways to improve trading. Since it is cloud-based, users can access data and analysis easily without needing complex technology setups or top teams.

The new platform shows how finance is moving toward data-driven tools for better decision-making. Reliable data and smart analysis play a key role in improving markets and creating fairer conditions. Saudi investors now have tools that were not available locally before.

According to the update, the partnership between Wamid and BMLL Technologies creates new opportunities for the Saudi market. It helps market participants access better information and choose investments more wisely. This step reflects the growing interest in technology that supports deeper market understanding and stronger trading performance.