FCA Selects BMLL for Market Data
Posted by Colin Lambert. Last updated: July 27, 2022
UK regulator, the Financial Conduct Authority (FCA) has selected data provider BMLL to support its capital markets surveillance operations.
According to a release by BMLL, The FCA will use its Data Lab, Data Feed and visualisation tools to access granular data. This in turn allows it to examine the behaviour of an individual order, including fill probability and resting time, as well as order queue dynamics.
“The FCA has very clearly set out its strategy to become a data-driven regulator, this goes across multiple aspects of the financial markets,” says Paul Humphrey, CEO of BMLL. “We are very proud to play our part in delivering on this strategt, working with the FCA specifically to help it analyse how markets behave, by providing granular Level 3 data and analytics to its teams of data scientists.”