Analytics provider BMLL has expanded its equities and exchange-traded funds (ETFs) data coverage to include Asia-based exchanges.
The expansion means that Level 3 data from CBOE Japan, Japannext and the Singapore Exchange will be available to BMLL users.
The analytics, including advanced pre- and post-trade data, will provide market participants with a global view of market or venue behaviour.
This complements the existing Tokyo Stock Exchange data already offered within the BMLL product suite.
Adding APAC data coverage benefits buy-side firms who are looking for Level 3 alpha in Asia markets, says BMLL. It also benefits sell-side execution firms, who are looking to enhance their product offering by leveraging Level 3 order book data and analytics, it adds.
As part of the expansion, Asia exchanges will be able to perform venue comparisons against their peers both locally and globally, to understand their market quality or the performance of liquidity providers.
BMLL users include banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators.
Paul Humphrey, CEO of BMLL, says: “The demand for high quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA and APAC. They need to get the full picture of market quality, liquidity and order dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.
Elliot Banks, chief product officer at BMLL, comments: “Expanding our data offering to include APAC moves us closer towards our goal of having global coverage to benefit our community of users. Exchanges across APAC, EMEA and the US can carry out venue analytics, compare equities and ETFs, without the need to buy, curate and harmonise data.
“Regulators are now able not only to analyse the European and US markets, but also follow the development of Asia markets, which have different regulatory structures.”
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