Kepler Cheuvreux Takes BMLL Data and Analytics
Posted by Colin Lambert. Last updated: May 17, 2022
Data and analytics provider BMLL has unveiled a deal with European research, execution and advisory firm Kepler Cheuvreux, to provide access to the BMLL Data Lab and granular Level 3 Data to carry out in-depth order book analytics and optimise algo performance.
The BMLL Data Lab is used by quants and researchers seeking alpha and actionable insight that can be integrated into quantitative research processes and production pipelines. It provides users with more than six-and-a-half years of harmonised historical data from 65 venues and combines it with APIs and analytics libraries in a cloud environment. This allows firms to perform scalable research without the burden of data sourcing, data curation or data engineering, BMLL says.
Using the Data Lab, Kepler Cheuvreux’s quants are able to spend 80% of their time generating order book research rather than cleansing and harmonising data sets, the firms say, adding that at the same time, the algo development team gains access to granular Level 3 data to back-test trading strategies, improve algo development and alpha generation.
“As a multi-local agency broker, a deep understanding of order book dynamics for every venue and how it relates to market impact is of paramount importance,” says Jean François Perreton, head of algorithmic trading quant at Kepler Cheuvreux. “By leveraging BMLL Level 3 Data capabilities, we intend to derive unique insights that will put us at the forefront of algorithmic trading innovation.”
Paul Humphrey, CEO, BMLL, adds, “We have significantly invested into our data science as a service offering to unlock the predictive power of pricing data; we have done the heavy lifting when it comes to data engineering, so that our customers can focus on their business.”