Global ETF data and analytics provider BMLL chosen by Ultumus to offer top-tier global ETF data to market participants globally
In a significant move for the Exchange-Traded Fund (ETF) market, Ultumus, the world's leading provider of ETF and index data, has partnered with BMLL, the leading independent provider of harmonised historical market data and analytics. This collaboration aims to strengthen the data and analytics offering for the global ETF community.
The partnership combines Ultumus' leading ETF and index data with BMLL's high-quality historical market data and analytics. This synergy is expected to lead to tighter spreads in the ETF market, increase trading efficiency, and improve data quality.
Ultumus ETF Data, available before market open every day for each region, is now integrated within BMLL's scalable Python research sandbox and market microstructure visualisation platform. This integration allows market participants to access Ultumus' ETF reference data and metrics more efficiently.
One of the key benefits of this partnership is the improved understanding of ETF liquidity dynamics. BMLL's global customer base, including banks, brokers, asset managers, and regulators, can now use the combined data sets to gain insights that will help them differentiate themselves in a competitive landscape.
Ultumus is using BMLL's granular Level 3 data to quantify the impact of its Portfolio Composition File (PCF) service on trading outcomes and market efficiency. The results so far have been promising, with a reported European ETF issuer experiencing a 16% reduction in spread threshold breaches and a 12% performance uplift.
The collaboration is also aimed at improving pricing precision in the ETF market. By layering BMLL’s Level 3 analytics on top of Ultumus’ PCF data, traders can more efficiently model price movements and execution scenarios, allowing for enhanced trading strategies and improved market transparency.
This partnership comes at a time when the global ETF market is expected to grow significantly. Projected to exceed $26 trillion in assets under management by 2029, the demand for efficient, accurate, and high-quality data is higher than ever.
In summary, the Ultumus-BMLL partnership advances ETF trading by providing market participants with improved data quality, greater pricing precision, tighter spreads, and enhanced trading efficiency on a global scale. This collaboration is set to redefine the ETF market landscape and set new standards for trading efficiency and data quality.
[1] Ultumus Press Release: Ultumus and BMLL Partner to Improve Pricing Precision in the ETF Market [2] BMLL Press Release: BMLL Partners with Ultumus to Enhance ETF Market Efficiency [3] Global ETF Market Outlook 2021-2029 [4] Case Study: European ETF Issuer Achieves Improved Trading Performance with Ultumus-BMLL Partnership [5] Whitepaper: Quantifying the Impact of Portfolio Composition Files on Trading Outcomes and Market Efficiency (Ultumus and BMLL)
- By integrating Ultumus' ETF data with BMLL's market data and analytics, this partnership is expected to facilitate improved investing strategies in the technology-driven ETF market.
- The collaboration between Ultumus and BMLL is anticipated to revolutionize finance by offering enhanced data quality, tighter spreads, and increased trading efficiency in the rapidly growing ETF market.
