BMLL, the independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, has announced the Johannesburg Stock Exchange (JSE), as a new client. BMLL’s data coverage now extends to include JSE data across equities and ETFs. All the while the JSE will use BMLL’s Level 3 Data and analytics for cross-venue analysis. It will offer market participants valuable market structure and performance metrics insights.
BMLL provides historical Level 3 data and analytics to banks, brokers, asset managers, hedge funds, academics, regulators and global exchanges, helping them understand how markets truly behave. Following the $26million Series B investment round in Q4 2022, BMLL set out its strategy to acquire new data sets globally. It wanted to integrate these into existing products and analytics capabilities for an ever-expanding customer base.
Adding the JSE data sets complements BMLL’s existing coverage of more than seven years of data spanning global equities, ETFs and futures across 65+ trading venues.
At the same time, by using BMLL’s data and analytics capabilities, the JSE is now able to evidence the quality of execution against a global peer set. Additionally, it can provide its members with third-party, independent verification on the availability of liquidity in cross-listed securities, ADRs & GDRs on its own venues versus other exchanges.
Using the BMLL Data Lab, JSE can now back-test, analyse, build and test new products and features. What’s more, JSE members will gain granular insights into market structure dynamics, including venue and liquidity quality, to unlock valuable trading opportunities.
Langa Manqele, head of equities and equity derivatives at the JSE, said: “As Africa’s largest stock exchange, analysis of what influences liquidity dynamics and market share across different trading sessions and securities on our exchange is critical. With the analytics capability provided by BMLL we are able to carry out cross-venue market analysis.”
Paul Humphrey, CEO of BMLL, said: “We are delighted to welcome the Johannesburg Stock Exchange to our ever growing universe of exchange clients. Our customers constantly demand more data sets from us, to analyse market moves and spot predictive trends.
“Adding the JSE’s data to our offering will help meet these customer needs. At the same time, we are proud to deliver BMLL Level 3 Data and analytics capabilities to JSE to give them a deeper understanding of venue, liquidity or execution quality and unlock new trading opportunities.”