BMLL, an independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, has added Johannesburg Stock Exchange (JSE) as a new client.

BMLL’s data coverage now extends to include JSE data across equities and ETFs, while the JSE uses BMLL’s Level 3 Data and analytics for cross-venue analysis offering market participants valuable market structure and performance metrics insights.  

Paul Humphrey, CEO of BMLL, said: We are delighted to welcome the Johannesburg Stock Exchange to our ever growing universe of exchange clients. Our customers constantly demand more data sets from us, to analyse market moves and spot predictive trends. Adding the JSE’s data to our offering will help meet these customer needs. At the same time, we are proud to deliver BMLL Level 3 Data and analytics capabilities to JSE to give them a deeper understanding of venue, liquidity or execution quality and unlock new trading opportunities.

Following the $26m Series B investment round in Q4 2022, BMLL set out its strategy to acquire new data sets globally and integrate these into existing products and analytics capabilities for an ever-expanding customer base.  Adding the JSE data sets complements BMLL’s existing coverage of more than 7 years of data spanning global equities, ETFs and futures across 65+ trading venues. 

At the same time, by using BMLL’s data and analytics capabilities, the JSE is now able to evidence the quality of execution against a global peer set and provide its members with third-party, independent verification on the availability of liquidity in cross-listed securities, ADRs & GDRs on its own venues versus other exchanges. 

Using the BMLL Data Lab, JSE can now back-test, analyse, build and test new products and features.  What’s more, JSE members will gain granular insights into market structure dynamics, including venue and liquidity quality, to unlock valuable trading opportunities.

Langa Manqele, Head of Equities & Equity Derivatives at the JSE, said: As Africa’s largest stock exchange, analysis of what influences liquidity dynamics and market share across different trading sessions and securities on our exchange is critical. With the analytics capability provided by BMLL we are able to carry out cross-venue market analysis.