BMLL, a data analytics firm, has recently broadened its derivatives coverage to include the Australian Securities Exchange (ASX) 24 and the Johannesburg Stock Exchange (JSE). This expansion signifies a strategic move by BMLL to enhance its market reach and provide more comprehensive data insights to its clients.

In a bid to democratize access to detailed order book data and facilitate improved trading strategies, BMLL has been actively expanding its datasets globally. Over the past two years, the company has incorporated over 40 equities and futures datasets, encompassing 98% of the MSCI All Country World Index by October 2024. Moreover, BMLL has integrated data from more than 50 new trading venues worldwide in the last 18 months, including OPRA options data.

Paul Humphrey, the CEO of BMLL, emphasized the company’s commitment to offering granular order book data and aiding market participants in deciphering liquidity dynamics. By including derivatives data from Australia and South Africa, BMLL aims to bridge existing data gaps and ensure comprehensive coverage across MSCI Developed and Emerging economies. Humphrey further hinted at ongoing efforts to fill any remaining voids in the data landscape by the end of 2025.

The recent incorporation of full-depth level three order book data for ASX 24’s XSFE and JSE’s XSAF and ZFXM into the BMLL Data Lab underscores the company’s dedication to enhancing its data offerings. Humphrey’s statement on social media alludes to a continuation of this positive trend, indicating a sustained focus on expanding data coverage to meet evolving market needs.

BMLL’s growth trajectory has been supported by significant capital injections, with a $21 million funding round led by Optiver in October. This funding round, which saw participation from key investors such as FactSet, Nasdaq Ventures, IQ Capital’s Growth Fund, and CTC Venture Capital, follows previous successful investment rounds, including a $26 million Series B round in 2022. These strategic investments have bolstered BMLL’s position in the data analytics market and underscore the industry’s confidence in the company’s growth potential.

In conclusion, BMLL’s recent extension of derivatives coverage to include ASX 24 and JSE reflects the company’s proactive approach to data expansion and market accessibility. By providing in-depth order book data and fostering a data-driven trading environment, BMLL continues to play a vital role in empowering market participants with valuable insights for informed decision-making.