- Daily Classified Granular Trades, Level 2 Quotes, and Millisecond CBBO datasets added to Snowflake Marketplace. Products include US and European equities and ETF datasets.
- First phase of the BMLL Snowflake partnership now complete, supporting BMLL’s mission to democratize access to the deepest order book data globally.
BMLL, an independent provider of harmonized, historical Level 3 Data and analytics across global equity and futures markets, announced the availability of three datasets via the Snowflake Marketplace, as it completes the first phase of its program to increase the ways in which customers can discover, access and evaluate datasets. The initial datasets are Daily Classified Trades, Level 2 Quotes and Millisecond CBBO.
Snowflake Marketplace is a cloud-agnostic platform that provides a convenient and secure way for capital market participants to access, explore and trial market data. Large datasets are typically cumbersome to deliver and process, and incumbent providers typically deliver low-quality datasets, with poor normalization or missing fields, which is often difficult to access. This new offering ensures that market participants benefit from the convenience and scalability of the Snowflake Marketplace combined with the ability to easily access BMLL’s high-quality datasets, which are updated daily.
This follows the September 2023 announcement that BMLL and Snowflake entered into a partnership to deliver BMLL’s granular data and analytics to market participants globally. Snowflake Ventures also joined BMLL as a strategic Series B investor at the time. The aim is to remove the need for costly, in-house storage and data engineering in how market participants can access and use large datasets. Use cases include research, market surveillance, trade and execution analysis and strategy development.
Paul Humphrey, BMLL CEO, said in a statement: ‘We are witnessing a growing demand for high-quality historical datasets across the industry. Capital market participants need the highest quality of data, backed by robust engineering processes and delivered to them in a highly consistent, ready-to-use format. The key to democratizing access to high-quality, best-in-class granular market data is to give market participants choices in how they access this data. Making BMLL data available via the Snowflake Marketplace enables seamless data access at scale in addition to the currently available API and FTP options.”