Global ETF data and analytics provider BMLL chosen by Ultumus for worldwide market access to top-tier ETF information
In a groundbreaking move, Ultumus, a leading European ETF issuer, and BMLL, a provider of harmonized historical market data and analytics, have joined forces to transform the global ETF market.
The partnership combines Ultumus' reference and index data with BMLL's high-quality historical market data and analytics within scalable data platforms. This collaboration aims to improve overall ETF market quality by enabling tighter bid-ask spreads, enhancing pricing precision, increasing trading efficiency, and ensuring robust, high-quality data to support future ETF launches.
Paul Humphrey, CEO of BMLL, mentions that adding ETF data from Ultimus is part of BMLL's ongoing strategy to broaden their content and data coverage globally. Bernie Thurston, CEO of Ultumus, states that the collaboration allows for the quantification of how accurate, timely fund data improves trading outcomes and market efficiency for clients using Ultumus' Portfolio Composition File (PCF) service.
The benefits of this partnership extend beyond improved market quality. It also supports innovation in ETFs by providing next-generation analytics and better trading insights, which can contribute to more informed decision-making and improved market structure. The combined data offering helps market participants to navigate ETF trading complexities more effectively, fostering a more efficient, accurate, and trustworthy global ETF market.
Ultumus' focus, as stated by Thurston, is on delivering measurable value through data innovation. BMLL's data coverage already includes historical market data from over 100 trading venues and equities offering covering 100% of the MSCI World Index.
The partnership will result in Ultumus' ETF Data being available within BMLL's scalable Python research sandbox, BMLL Data Lab, and its market microstructure visualization platform, BMLL Vantage, before market open, every day, for each region. This will allow BMLL's global customer base to deepen their understanding of ETF liquidity dynamics.
Moreover, the collaboration will provide robust data quality supporting future ETF launches. Ultumus will use BMLL's data to assess the impact of its Portfolio Composition File (PCF) service on trading efficiency. The partnership is expected to lead to tighter spreads, better pricing precision, and increased trading efficiency.
By integrating Ultumus’s ETF reference and Portfolio Composition File data with BMLL’s level 3 market data and analytics, the collaboration enhances transparency and optimizes trading performance across the ETF ecosystem. This partnership is expected to benefit the ETF market by providing insights that will help participants differentiate themselves in a competitive ETF landscape.
In summary, the Ultumus-BMLL partnership benefits the ETF community and market by delivering enhanced data quality, more precise pricing, improved trading efficiency, and fostering innovation and transparency in the ETF ecosystem worldwide. This partnership is a significant step towards creating a more efficient, accurate, and trustworthy global ETF market.
- The collaboration between Ultumus and BMLL, with Ultumus' reference and index data integrating with BMLL's high-quality historical market data and analytics, aims to transform the global ETF market by improving overall quality, fostering innovation, and optimizing trading performance within the business sector.
- As part of BMLL's strategy to expand their data coverage globally, Ultumus' ETF data will be accessible within BMLL's scalable Python research sandbox and market microstructure visualization platform, offering insights on ETF liquidity dynamics to support their global customer base and contribute to a more competitive and efficient ETF market.
