Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Data services news
  3. Snowflake Ventures invests in BMLL
Data services news

Snowflake Ventures invests in BMLL


18 September 2023 UK
Reporter: Jamie Richards

Generic business image for news article
Image: GamePH
BMLL, a capital markets data provider based in London, has secured investment from Snowflake Ventures, marking a new partnership between the two parties.

As part of the investment, BMLL will provide Snowflake’s capital markets clients with Level 3 data and analytics covering more than 75 venues for equities, futures and exchange-traded funds within the Snowflake Marketplace platform.

The investment follows BMLL’s series B funding in Q4 2022, in which it secured a combined US$26 million from Nasdaq Ventures, FactSet and IQ Capital.

Paul Humphrey, CEO of BMLL, says: “We are very excited to have secured strategic investment from Snowflake Ventures. They are backing, and are aligned with, our mission to democratise access to high quality, large-scale historical data because BMLL’s data and analytics is one of the best use-cases for large-scale, financial market data in the cloud.

“We make our vast warehouse of curated Level 3 data and analytics readily available to the market and ultimately ensure that everyone can optimise their data capabilities.”

Kieran Kennedy, head of marketplace at Snowflake, adds: “BMLL has a great track record and proven traction in serving some of the world’s largest financial institutions, regulators and academics, all seeking to gain a deeper understanding of market shifts, liquidity dynamics and alpha generation. We’re excited to announce both our investment in and partnership with BMLL Technologies.”

NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ NASDAQ

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →