FactSet, BMLL Technologies collaborate to analytics in the cloud

FactSet announced its collaboration with BMLL Technologies to offer the company’s granular order book history and analytics in the cloud. The initial release of the FactSet-BMLL offering includes "Market by Price" Level 2 Tick History, which addresses the data quality challenges with current industry Level 2 offerings. By building upon BMLL’s leading historic Level 3 data engineering capabilities, FactSet is bringing a best-in-class Level 2 product to market, equipping clients with deep market insights and real-time data. The collaboration represents a continuation of FactSet’s strategy to provide innovative cloud solutions that help clients modernize and improve their market data technology and reinforces the company’s commitment to expand its real-time data and tick history capabilities. Through the joint solution with BMLL, clients can now access Level 2 Data via the same symbology and APIs as the Level 1 Tick History on a common delivery platform to accelerate research, optimize workflow and trading strategies, and generate alpha at speed and scale.