We are delighted to announce that BMLL has won “Best Data Science Solution Provider” at the HedgeWeek US Awards 2024. These awards recognise excellence among fund managers and service providers in the US across a wide range of categories.
BMLL was awarded for providing harmonised, Level 3, Level 2 and Level 1 historical data and analytics to hedge funds, helping them improve predictability, quality and speed of alpha through a scalable, managed data and analytics service.
The award recognises BMLL’s support for start-up hedge funds such as Aleto, who leverage BMLL’s data science platform to reduce set-up costs and shorten time to market, as well as BMLL’s capabilities for supporting large systematic hedge funds with alpha generation and operational needs.
Specifically, BMLL helps quant teams deliver predictive alphas: using BMLL’s suite of predictive analytics and scalable research, they can unlock patterns in market behaviour, improve signal generation and optimise algorithm performance at a fraction of the cost of building the capabilities in-house.
BMLL’s ready-to-use, quant-built data science platform, provides hedge funds with the necessary research infrastructure to support their specific operation and growth from the outset, without the high upfront costs and lengthy timelines normally associated with launching a quantitative or systematic fund.
Paul Humphrey, CEO of BMLL, said: “We are thrilled to be named Best Data Science Solution Provider at the Hedgeweek US Awards 2024. Hedge funds face significant challenges in obtaining high-quality historical market data, as incumbent real-time data providers often only supply commoditised historical data that lacks the granularity and accuracy needed for effective quantitative strategy development. These data gaps can negatively impact strategy performance and lead to excessive resource allocation for data cleansing and normalisation.
At BMLL, we address this issue by providing hedge funds with high-quality, Level 3, 2, and 1 historical order book data that captures and displays the trading intentions of all market participants. This enables our clients to access clean, reliable data without the need for extensive in-house infrastructure, allowing them to focus on research and development. Our platform not only simplifies access to deep market insights but also scales with the growing data needs of our users, helping them optimise their strategies and stay competitive in a fast-evolving market.”
