FactSet, a global provider of integrated financial information and analytical applications, has partnered with BMLL Technologies to offer the company’s granular order book history and analytics in the cloud.
The initial release of the FactSet-BMLL offering includes “Market by Price” Level 2 Tick History.
BMLL’s cloud-native data and analytics complement FactSet’s existing client offering across a wide range of use cases, including Quant Research, Back Testing, Best Execution, Transaction Cost Analysis (TCA), Compliance, Surveillance and Risk.
FactSet recently made its entire global archive of Level 1 Tick History across 300+ venues accessible via Snowflake, enabling clients to access ready-to-query, normalised data without having to download and store petabytes of data themselves. The tick data can be easily combined with any of FactSet’s other content sets available in Snowflake, such as Corporate Actions, Symbol History, Sentiment Data, Fundamental Data, Event Transcript Data, and more.
Through the joint solution with BMLL, clients can now access Level 2 Data via the same symbology and APIs as the Level 1 Tick History on a common delivery platform to accelerate research, optimise workflow and trading strategies, and generate alpha at speed and scale.
In connection with this collaboration, FactSet co-led BMLL’s latest $26 million Series B investment round.
