BMLL secures $21m in a funding round led by Optiver to expand its data offerings.
Optiver led the financing round with participation from FactSet, Nasdaq Ventures, IQ Capital and CTC Venture Capital.
BMLL provides harmonised historical Level 3, 2 and 1 market data and analytics across global equities, ETFs and futures. The platform offers financial institutions granular order book data to support research and trading strategies.
BMLL has secured $21m in a new funding round led by Optiver, with participation from existing backers FactSet, Nasdaq Ventures and IQ Capital, alongside new investor CTC Venture Capital. The capital will support the company as it expands its data feed business, increases its futures coverage, and scales its product offering globally. The investment follows a period of accelerated growth for the platform, which has expanded its global footprint and enhanced its data capabilities.
From the founder
"We are thrilled to welcome Optiver as a significant shareholder and are delighted to have the ongoing support from our existing investors who have backed the latest round. We have an incredibly diverse team of supporting investors, with deep-seated global market and technology expertise, and we are poised to scale the business further, as we build out and scale our data feed business and futures coverage and wider product offering globally."
Paul Humphrey
CEO at BMLL
Investor perspective
"Optiver traders, quantitative researchers and developers rely on historical data to shape our pricing strategies, making data science and research a key part of our mission to improve markets. The high quality of BMLL’s data, their advanced analytics tools and their best-in-class team have together significantly improved our ability to generate insights that influence our strategies. We believe these benefits can extend beyond our firm and provide substantial value to other market participants as well."
Pat Cooney
Managing Director of Optiver Europe, Optiver
Use of funds
- 01Continue product development
- 02Expand into international markets
