BMLL Technologies has partnered with SpiderRock to expand its cross-asset analytics offering, with the integration of SpiderRock’s US equity options print dataset into the BMLL Data Lab.
The move gives institutional clients access to SpiderRock’s trade-level options analytics—including implied volatility and Greeks—alongside BMLL’s historical equities, futures and options data within a unified research environment.
The combined dataset is designed to help quantitative researchers and trading firms better understand the interaction between derivatives markets and underlying cash equities. By linking options activity with equity market behaviour, users can analyse how dealer positioning, hedging flows and volatility regimes influence intraday liquidity and price formation.
The partnership is accompanied by a joint white paper demonstrating how the combined data can be used to estimate dealer gamma positioning and assess its effect on intraday price movements. The research highlights how short-gamma environments may amplify momentum through hedging activity, offering a systematic framework for analysing these effects using integrated datasets.
Elliot Banks, chief product officer at BMLL, said the collaboration reflects growing demand for tools that can address increasingly complex market structure questions.“Providing access to SpiderRock’s options analytics within the BMLL Data Lab enables clients to combine high-quality derivatives data with detailed historical market data in one place, accelerating research and uncovering deeper insights into market dynamics.”
