BMLL Trades - Europe

BMLL Trades provides a complete trade-by-trade view of the market, capturing every trade across multiple execution venues and trading mechanisms (including OTC, dark, and continuous trading). By incorporating trade amendments, using the highest-granularity exchange timestamps, and providing consistent trade condition codes, the BMLL Trades product provides the most detailed view of historical trading activity available.

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**Use cases:**

- Buy-side - backtest strategies, generate alpha and perform TCA and execution analysis
- Sell-side - backtest execution algorithms, improve smart order routers and demonstrate best execution
- Exchanges - analyse market share across fragmented venues and mechanisms

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**What’s Included:**

- A normalised view of trade information across all major European equity venues
- MMT flags (where available) and exchange trade condition codes included
- Nanosecond or microsecond precision timestamps, based on order-matching engines. Both time of trade and publication are included for delayed trade reporting
- Amended or cancelled trades included
- Aggressor side identified for lit trading using BMLL’s Level 3 order book data
- Coverage includes all European primary and secondary markets plus trade reporting facilities, including off-book, conditional and periodic auction mechanisms

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**Sample Dataset:**

- Trainline PLC (TRN) across January 03 2023. All sample fields are featured in the data dictionary.

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**Custom Datasets:**

- Custom BMLL market datasets are also available (based on instrument, MIC, or region). To create your own custom BMLL market dataset, contact [e-mail]