Global trading participants offered advanced pre-trade analysis capabilities through a partnership between Broadridge and BMLL.
Broadridge Financial Solutions, a leading global fintech company, has partnered with BMLL Technologies to integrate advanced pre-trade analytics directly into its global sell-side Order Management System (OMS) and Japanese buy-side Execution Management System (EMS), Xilix.
This collaboration empowers traders with actionable insights at the point of order entry, including predictions on execution time, market impact, participation rates, spread costs, and risk exposure.
The new capabilities offer several advantages to traders:
- Improved trading decisions: Real-time analytics and predictive insights embedded within existing workflows enable optimization of execution strategies.
- Enhanced risk management: Detailed forecasts of market impact and cost metrics before trades are placed help manage risks more effectively.
- Volatility anticipation: The integration helps traders anticipate market volatility and efficiently manage complex multi-venue trading environments without the overhead of managing large historical market data sets.
- Dynamic execution timing: Metrics such as average daily volumes, Average Volume At Time (AVAT), and Remaining Volume At Time (RVAT) support dynamic execution timing and smarter interaction with market liquidity.
BMLL’s Level 3 granular historical market data underpins the analytics, allowing Broadridge to build tailored, high-quality predictive tools without the need for customers to source or clean massive datasets themselves, accelerating time to value and trader productivity.
By partnering with BMLL, Broadridge is positioning itself to offer pre-trade algorithms for its customers at speed and scale. This enhancement reflects Broadridge's commitment to providing trusted and transformative trading technology and actionable intelligence to firms navigating increasingly sophisticated markets.
Dr. Elliot Banks, Chief Product Officer at BMLL, expressed enthusiasm about the partnership, stating that it aims to optimize trading and deliver transformation by integrating actionable insights and robust analytics. Brian Pomraning, Chief Product Officer of Broadridge Trading and Connectivity Solutions, echoed this sentiment, saying that the partnership is designed to deliver pre-trade analytics capabilities within Broadridge's global sell-side Order Management System (OMS) and Xilix Execution Management System (EMS) for buy-side firms in Japan.
This collaboration is part of BMLL's mission to democratize access to its datasets, leading to a shift towards buy-and-build strategies among market participants. With this partnership, Broadridge is poised to offer its clients unparalleled pre-trade analytics capabilities, enhancing trading performance, reducing market impact, and better meeting client demands through embedded, data-driven pre-trade decision tools.
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