Partnering with BMLL Technologies, Broadridge bolsters trading data services for improved efficiency
The strategic partnership between Broadridge Financial Solutions and BMLL Technologies is set to revolutionize pre-trade analytics for buy-side firms in Japan. This collaboration, announced recently, aims to integrate BMLL's Level 3 historical market data and advanced analytics directly into Broadridge's Xilix Execution Management System (EMS) [1][2][3].
The integration will provide Japanese buy-side traders with real-time, actionable insights at the point of order entry. These insights include predictions on execution time, market impact, participation rates, spread costs, and risk exposure. The analysis is designed to support optimized trading decisions, improved risk management, and more efficient order routing that adapts automatically to evolving market conditions [1][2][3].
At the heart of this partnership is BMLL's infrastructure, which is ISO27k-certified, ensuring the highest standards of security and data integrity. BMLL's mission is to democratize access to its datasets, making high-quality market intelligence available to a wider audience [4].
The collaboration will provide Japanese buy-side firms with deep historical and real-time market intelligence such as average daily volumes by trading session, Average Volume At Time (AVAT), Remaining Volume At Time (RVAT), and dynamic assessments of execution timing and intraday trading patterns. These analytics will be integrated into the existing workflows of the buy-side firms, making them easily accessible [1][2][3].
Elliot Banks, chief product officer at BMLL, expressed excitement about the partnership, stating that it will empower buy-side firms in Japan to enhance trading performance and meet client demands through sophisticated pre-trade market impact analytics embedded in their execution systems [1][2][3].
Brian Pomraning, chief product officer of Broadridge Trading and Connectivity Solutions, also commented on the partnership, emphasizing the importance of data-driven insights in modern trading. He stated that owning or engineering vast amounts of data is no longer what differentiates firms; it's what they do with the data that matters [6].
With Broadridge's technology and platforms supporting daily trading of over $10 trillion of equities, fixed income, and other securities globally, the partnership will provide enhanced access to data and analytics at the point of order entry [7].
Broadridge Financial Solutions, founded in 2014 out of the University of Cambridge, and BMLL Technologies, with its roots in academia, share a common vision of using data to drive better decisions. This partnership is a testament to that shared vision and a step towards a more data-driven future in the financial industry [8].
[1] https://www.broadridge.com/news/broadridge-partners-with-bmll-technologies-to-enhance-pre-trade-analytics-for-buy-side-firms-in-japan [2] https://www.bmll.io/news/broadridge-bmll-partnership/ [3] https://www.financialnews.co.uk/news/broadridge-bmll-partnership-20220204 [4] https://www.bmll.io/about/ [5] https://www.bmll.io/products/ [6] https://www.broadridge.com/news/broadridge-partners-with-bmll-technologies-to-enhance-pre-trade-analytics-for-buy-side-firms-in-japan [7] https://www.broadridge.com/about-us/our-business/ [8] https://www.bmll.io/about/
The strategic partnership between Broadridge Financial Solutions and BMLL Technologies combines finance and technology to revolutionize pre-trade analytics for Japanese buy-side firms. This integration will deliver business benefits such as real-time, actionable insights, optimized trading decisions, improved risk management, and efficient order routing.
