BMLL launches Trades Plus dataset to support execution research and marketplace transparency

BMLL has introduced a brand new multi-purpose equities dataset, Trades Plus, as a part of its bid to succeed in massive scale execution research and ship higher marketplace transparency in one feed.  

Dr Elliot Banks

The providing supplies a unique dataset which mixes granular historic commerce information with BMLL’s proprietary commerce classifications, L1 quotes, customized flags and order guide analytics throughout world exchanges, and convert commerce information into actionable intelligence that produces detailed transaction price research (TCA), backtest execution algorithms and determine liquidity provision alternatives.  

In particular, the advance is predicted to take away the requirement to write down and deal with the underlying code, serving to customers save time when dealing with information.  

Moreover, the providing follows marks the primary product advanced following consultations with participants of the BMLL Consumer Product Advisory Board (CPAB).  

“Investors and analysts wish to mix commerce information with quote information to generate TCA, perfect execution research or evaluate marketplace high quality, the use of a mixture of knowledge feeds. Up to now, this has been a extremely repetitive, iterative, and time-consuming procedure,” mentioned Elliot Banks, leader product officer at BMLL. 

“BMLL Trades Plus is fixing a real-world drawback. Our CPAB participants informed us they spend ‘all day lengthy grappling with deficient information’ and sought after as a way to get this new dataset off the shelf. 

“BMLL recognises that many different trade members are dealing with the similar problem, and we’re dedicated to making sure they’ve get entry to to fine quality, usable information that allows higher decision-making and helps the broader marketplace.” 

Learn extra – Ultumus selects BMLL to support information and analytics for the ETF marketplace 

Trades Plus is already to be had throughout Europe, and a US dataset is ready to be introduced firstly of This autumn 2025.  

Paul Humphrey, leader govt officer, BMLL, mentioned: “Our venture is to carry the usual of marketplace information for the trade. Our CPAB participants come with sovereign wealth finances, world asset managers and complex proprietary buying and selling corporations, together with world banks and liquidity suppliers. Those corporations had been grappling with the similar factor – collating deficient high quality and disparate information units into a suitable, constant and usable usual – so we knew we needed to act.” 

The release follows BMLL’s fresh strategic partnership with Broadridge Monetary Answers in August 2025, which integrates BMLL’s pre-trade analytics into the company’s sell-side world order control device (OMS) and buy-side execution control device (EMS) – Xilix – in Japan to offer purchasers with new pre-trade features.