ETF data
provider Ultumus has teamed up with market data firm BMLL Technologies to offer
enhanced analytics and trading insights to the global exchange-traded fund
community.
Ultumus Partners with BMLL
to Enhance ETF Trading Data
The
partnership combines Ultumus’ ETF reference and index data with BMLL’s
historical market information across multiple asset classes. BMLL customers,
including banks, asset managers, and hedge funds, can now access Ultumus data
through BMLL’s research platforms.
A European
ETF issuer already tested the combined services and reported 16% fewer spread
threshold breaches and a 12% performance improvement. The firm used Ultumus’
Portfolio Composition File service alongside BMLL’s analytics to evaluate its
trading spreads.
Paul
Humphrey, BMLL’s chief executive, said the partnership extends the firm’s data
coverage strategy. “Our global customer base is now able to use these
combined data sets to deepen their understanding of ETF liquidity
dynamics,” he noted.
Ultumus
provides daily ETF and index data to market participants worldwide. The
London-based company, owned by SIX Group, launched in 2016 and has expanded
across Asia and North America.
BMLL offers
historical trading data from over 100 venues globally, covering equities, ETFs,
futures, and options. The Cambridge-founded firm raised $21 million in October
2024 from investors including trading firm Optiver.
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Alliance to Boost Efficiency
The
collaboration centers on measuring how accurate fund data affects trading
outcomes. Ultumus will use BMLL’s granular market information to assess the
impact of its Portfolio Composition File service on trading efficiency.
“By
utilising BMLL’s granular Level 3 data and analytics, we’re able to quantify
how accurate, timely fund data improves trading outcomes and market
efficiency,” said Bernie Thurston, Ultumus CEO.
The
partnership makes Ultumus data available through BMLL’s Python research
environment and visualization platform before market open each day. Both firms
expect the collaboration to lead to tighter spreads and improved pricing across
ETF markets.
BMLL
previously secured funding from Nasdaq Ventures, FactSet, and Snowflake
Ventures, raising over $80 million total since its founding in the University
of Cambridge machine learning labs.
For BMLL, this marks another recent collaboration following its multi-year partnership with Wamid, the technology arm of Saudi Tadawul Group, to deliver the Saudi market’s first white-labeled cloud analytics platform for institutional investors and quantitative analysts.
Earlier, the company expanded its partnership with Exegy, focusing on integrating historical and real-time data to support U.S. equity options trading.
This article was written by Damian Chmiel at www.financemagnates.com.
