Optiver led the latest funding round for BMLL, alongside existing investors FactSet, Nasdaq Ventures, IQ Capital’s Growth Fund and new investor CTC Venture Capital.
Our investment comes at a time of accelerated growth for BMLL. Founded in 2014 at the University of Cambridge, BMLL harnesses the power of machine learning and vast datasets to provide market participants with harmonised historical Level 3, 2 and 1 data and analytics. In the past 18 months, BMLL has added more than 40 equities and futures datasets while establishing a presence in the US and significantly increasing its client roster.
Optiver is a user of BMLL’s services, utilising its datasets to power our algo development, execution analysis, surveillance, market validation and market structure insights.
“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,” said Pat Cooney, managing director of Optiver Europe. “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.”
As a leading global market maker, Optiver is dedicated to improving markets through competitive pricing, consistent liquidity and sound risk management. As part of this commitment, we form long-term strategic relationships through our
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About Optiver
Optiver is a global market maker founded in Amsterdam, with offices in London, Chicago, Austin, New York, Sydney, Shanghai, Hong Kong, Singapore, Taipei and Mumbai. Established in 1986, today we are a leading liquidity provider, with close to 2,000 employees in offices around the world, united in our commitment to improve the market through competitive pricing, execution and risk management. By providing liquidity on multiple exchanges across the world in various financial instruments we participate in the safeguarding of healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies.
