The Australian Securities Exchange (ASX) and Johannesburg Stock Exchange (JSE) are the latest derivatives venues to be included in BMLL’s coverage.
Over the last two years, BMLL has added more than 40 equities and futures datasets globally, covering 98% of the MSCI All Country World Index as of October 2024, and has also added more than 50 new trading venues globally over the last 18 months, as well as OPRA options data.
Speaking to The TRADE, Paul Humphrey, chief executive, BMLL, explains: “Our mission has always been to democratise access to the most granular order book data across the industry and help market participants make sense of liquidity dynamics, so they can improve their trading strategies.
“Expanding our derivatives coverage for Australia and South Africa is another step on our journey […] Our target remains MSCI Developed and Emerging economies. And in 2025 we will close out any remaining gaps!”
Read more: JSE SA Trade Connect 2024: Catching up to the global derivatives markets
Specifically, JSE and ASX 24’s futures data has been onboarded, with full-depth level three order book data for ASX 24’s XSFE and JSE’s XSAF and ZFXM now available in the BMLL Data Lab.
Speaking in an announcement on social media, Humphrey also further asserted that the market should “expect this trend to continue”.
BMLL is continuing to focus on the growth of its operations. Last October, BMLL received a significant $21 million capital injection from an Optiver-led funding round which also included co-participation from existing investors FactSet, Nasdaq Ventures, IQ Capital’s Growth Fund, as well as additional investment from CTC Venture Capital.
The move followed BMLL’s Series B investment round in October 2022, which secured a $26 million strategic investment, and its Series A and seed funding rounds which raised $36 million.