Broadridge Financial Solutions, the fintech provider, has announced a strategic partnership with BMLL Technologies, a provider of Level 3 historical market data and analytics, to facilitated new pre-trade analytics capabilities directly within Broadridge’s global sell-side Order Management System (OMS) and Xilix Execution Management System (EMS) for buy-side firms in Japan.
BMLL’s infrastructure is ISO27k-certified. The firms state that the enhanced access to data and analytics at point of order entry will give traders access to predictions on execution time, market impact, participation rates, spread costs, and risk exposure, which will incorporate into existing workflows.
Insights include average daily volumes by trading session, real-time Average Volume At Time (AVAT), Remaining Volume At Time (RVAT), and dynamic execution timing assessments and visual displays of intraday trading patterns to inform decisions before execution. Automated order routing supports execution, with metrics adapting automatically as market conditions evolve, according to an oversight of functionality.
Brian Pomraning, chief product officer of Broadridge Trading and Connectivity Solutions, commented: “Working with BMLL we are optimizing trading and delivering transformation by integrating actionable insights and robust analytics directly into the workflows of both global sell-side and Japanese buy-side clients. We are providing traders with unprecedented pre-trade insights to optimize their trading decisions at the point of execution. By seamlessly integrating BMLL’s high-quality data and analytics, we are empowering our clients to achieve better outcomes – enhancing trading performance, managing risk, and meeting their own clients’ demands.”
Elliot Banks, chief product officer at BMLL, commented: “We’re thrilled to partner with Broadridge, enabling it to provide its buy-side and sell-side clients with pre-trade analytics directly through its EMS and OMS platforms, built using BMLL’s high quality historical data. Our mission has always been to democratize access to our datasets. As a result, we are increasingly witnessing a shift across market participants towards buy-and-build strategies, cementing the fact that owning or engineering vast amounts of data is no longer what differentiates firms. It’s what they do with the data that matters. Our harmonized data and the BMLL Data Lab research platform empower Broadridge with the best-in-class tools they need to dynamically create custom analytics across global markets and provide pre-trade algos for its customers at speed and scale.”
Broadridge notes that its technology and platforms underpin daily trading of more than $10trn of equities, fixed income and other securities globally.
BMLL Technologies is provides harmonised, Level 3, 2 and 1 historical data and analytics – covering global equities, ETFs, futures and US equity options – T + 1 order book data, pre- and post trade analytics. It was founded in 2014 out of the University of Cambridge.
