London-based companies CCData and BMLL Technologies have joined forces in a strategic partnership aimed at simplifying data access across conventional and digital asset markets.
CCData, recognized by the Financial Conduct Authority (FCA) as a benchmark administrator, specializes in digital asset data solutions and settlement indices.
On the other hand, BMLL Technologies offers financial institutions detailed historical data and analytics on various markets.
This collaboration is a response to the increasing demand for tailored data solutions, particularly after the approval of the first spot Bitcoin ETFs in the United States.
By leveraging their expertise, the two firms aim to equip clients with advanced metrics necessary to navigate the complexities of both traditional and digital asset markets.
Paul Humphrey, CEO of BMLL, highlighted the growing interest among institutional clients for high-quality crypto data.
He noted that his company recently raised $26 million in a Series B funding round, emphasizing the importance of accurate historical data and analytics for digital asset traders.
Through this partnership, digital asset traders gain access to historical data and analytics for Crypto ETFs and Futures across traditional US Equity and Futures venues, all presented in a consistent format via BMLL’s platform.
This integration enables traders to better understand the microstructure of traditional markets within the crypto sphere.
The collaboration aligns with BMLL’s core mission of providing financial institutions with top-tier historical order book data.
By harmonizing data across asset classes into a unified format, users can seamlessly analyze movements across both traditional and digital asset markets.
Charles Hayter, CEO of CCData, expressed excitement about integrating his firm’s accurate crypto datasets with BMLL’s expertise.
He emphasized that this partnership will effectively address the increasing demand for reliable and comprehensive market data.
Furthermore, BMLL Technologies has been expanding its data coverage and access over the past year.
This includes extending coverage to APAC equities and ETF data, adding Chinese equity data from major exchanges, and including Canadian exchanges like the Toronto Stock Exchange.
These efforts aim to empower clients to enhance research, surveillance, trade analysis, and strategy development by leveraging harmonized historical data and analytics across various markets.