Wamid, the technology and innovation arm of Saudi Tadawul Group (STG), announced a multi-year partnership with BMLL Technologies (BMLL), an independent provider of high-quality, harmonized Level 3, 2 and 1 historical data and analytics to global markets. Jointly, they will be launching a suite of white-labelled, cloud-based analytics tools tailored for the Saudi market.
The collaboration brings an innovative solution to the region as the first platform that enables quant teams, analysts and institutional investors to access deep historical order book data and run advanced models in a Python-native environment. The platform’s analytical depth, flexibility, and technical customization represent a significant leap forward in market transparency, insight-led decision making, and the development of a more sophisticated market infrastructure in Saudi Arabia.
Paul Humphrey, CEO of BMLL, said in a statement: “Our mission at BMLL is to democratize access to the most sophisticated market data and analytics of the highest quality, enabling firms to make better-informed decisions. This partnership is a testament to the trust global institutions place in our data and analytics solutions.”
In Q4 2024, BMLL secured Optiver and CTC Venture Capital as investors, adding to an already diverse investor base including Nasdaq Ventures, FactSet, IQ Capital’s Growth Fund and Snowflake Ventures. In addition, today, BMLL’s historical market data covers 100% of the MSCI All Country World Index, spanning Equities, ETFs, Futures, and US Equity Options across 100+ trading venues globally.