BMLL has expanded its offering in the kdb+ database through a new technology partnership with cloud-based data solutions provider INQDATA.
The deal will combine BMLL’s data collection, cleansing, curation and analytics generation and INQDATA’s data ingestion, storage, management and distribution capabilities.
The pair said the joint offering will enhance performance and lower the cost of infrastructure ownership for market participants by removing the need to commit additional data science infrastructure and resources.
Instead, users will have access to historical market data within their environment, without the engineering requirements to reformat.
BMLL said mutual users can use the combined cloud architecture of BMLL and INQDATA to conduct large-scale quantitative and market microstructure analysis, test new markets, and understand trading behaviours to optimise future strategies.
The partnership is about making data available where our clients want it and in the format they want it, said BMLL chief executive Paul Humphrey in a statement.
“The level of sophistication across capital markets is constantly increasing, and with it, the demand for high-quality data to understand market behaviour and maintain a competitive edge,” he said.
“Market participants are now able to derive insights by accessing the complete BMLL API library and quantitative analysis tooling within their environment. They no longer need to dedicate precious time, budget and resources to data engineering and infrastructure. Instead, they can focus on conducting large-scale quantitative and market microstructure analyses to enhance trading outcomes.”