UK-based BMLL, a provider of harmonized, historical Level 3 data and analytics across global equity and futures markets, has expanded its equities and exchange-traded fund data coverage to include more Asian exchanges.

Level 3 data from CBOE Japan, Japannext and Singapore Exchange are now available to the company’s users, providing market participants with the industry’s first global view of market or venue behaviour based on the most granular, Level 3 data available as well as advanced pre- and post-trade analytics. This complements the existing Tokyo Stock Exchange data already offered within company’s product suite.

The company’s users include banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators.

Adding Asia-Pacific data coverage, the company notes, benefits buyside firms who are looking for Level 3 alpha in Asian markets, or sellside execution firms who are looking to enhance their product offering by leveraging Level 3 order book data and analytics.

Asian exchanges, the company points out, can perform venue comparisons against their peers both locally and globally to understand their market quality or the performance of liquidity providers.

“The demand for high-quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA [Europe, the Middle East and Africa] and Asia-Pacific,” adds Paul Humphrey, BMLL’s CEO. “They need to get the full picture of market quality, liquidity and order dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.”