Level 3 data from CBOE Japan, Japannext and Singapore Exchange is now available to BMLL users, providing market participants with the industry’s first global view of market or venue behaviour based on the most granular, Level 3 data available. This complements the existing Tokyo Stock Exchange data already offered within the BMLL product suite.

BMLL users include banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators; they now have access to the most granular Level 3, T+1 order book data on a global scale, as well as advanced pre and post-trade analytics.

Adding APAC data coverage benefits buy-side firms who are looking for Level 3 alpha in Asia markets, or sell-side execution firms, who are looking to enhance their product offering by leveraging Level 3 order book data and analytics. Asia exchanges can perform venue comparisons against their peers both locally and globally, to understand their market quality or the performance of liquidity providers.

Paul Humphrey, CEO of BMLL, said: “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.

It is our mission to continue to democratise access to Level 3 data and analytics and widen our data coverage across global jurisdictions. With phase one of our APAC data coverage expansion complete, we are delivering on the strategy we set out following our successful Series B fundraise in October 2022. Further exchange coverage announcements to follow in due course”.

Dr Elliot Banks, Chief Product Officer at BMLL, added: “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. They can do this across a much larger, global market that now also includes Japan, a fragmented trading environment with multiple venues. What’s more, regulators are now able to not only analyse the European and US markets, but also follow the development of Asia markets, which have different regulatory structures.”

BMLL brings together full depth, historic Level 3 Data from 65 venues, in 3 asset classes, in 1 harmonised format, capturing more than 7 years of every insert, modify, execute or delete order book message, available at a T+1 basis at tick level granularity.