BMLL, one of the prominent independent providers of harmonized, historical Level 3 Data and analytics, announced today that it has formed a collaboration with Aquis Exchange, the operator of Pan-European equity trading exchanges, to facilitate its members through market quality and liquidity analytics.
With the use of the granular Level 3 Data and analytics from BMLL, Aquis will be able to monitor and evidence liquidity dynamics. In addition, the company will provide its members with third-party, independent verification on the availability of passive liquidity on its own venues versus other European exchanges.
The latest announcement from Aquis came nearly three months after the company confirmed a collaboration with Investre to propel the fund industry to a new era of tokenized retail trading.
Commenting on the partnership with BMLL, David Stevens, the Chief Revenue Officer of Aquis, said: “As Europe’s 7th largest exchange, we are constantly looking to enhance the liquidity and execution opportunities for our members. By using BMLL Level 3 Data and advanced analytics, we are now able to engage with our members to compare their trading dynamics on our exchange versus their peer group and to demonstrate that Aquis offers superior trading outcomes for both passive and aggressive strategies.”
BMLL
To expand its presence in the US, BMLL recently announced the appointment of Tim Baker as a Senior Adviser. Paul Humphrey, the CEO of BMLL, said that the company is planning to enhance its collaboration with Aquis in the coming months.
“We have been collaborating with Aquis Exchange for the last six months, and we are delighted to help them showcase the unique strengths of their market model to their Members. Aquis is now able to demonstrate better and deeper liquidity, as well as monitor the performance of the market, improve access to best price and ultimately reduce market impact,” Humphrey said.
