Ultumus has announced a partnership with data provider BMLL to strengthen the data and analytics offering for the global ETF community by combining Ultumus’ reference and index data with BMLL’s historical market data and analytics within its scalable data platforms.
In tandem, Ultumus writes that it will leverage BMLL’s data to assess the impact of Ultumus’ Portfolio Composition File (PCF) service on trading efficiency, bringing insight into the ETF trading landscape, to the benefit of the mutual, global customer base.
At the same time, BMLL’s global customer base, which includes banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators, is now able to access Ultumus ETF reference data and ETF issuer-published metrics. Ultumus ETF Data is available within BMLL’s scalable Python research sandbox, BMLL Data Lab, and its market microstructure visualisation platform, BMLL Vantage, before market open, every day, for each region.
A leading European ETF issuer has already benefited from the collaboration, the firm writes. Using Ultumus’ PCF, backed by BMLL data and analytics, the ETF issuer was able to analyse its spread performance, which evidenced a 16 per cent reduction in spread threshold breaches and a 12 per cent performance uplift, the firm says. “These results are testament to the fact that the partnership between Ultumus and BMLL will benefit the ETF market overall, leading to tighter spreads, better pricing precision, increased trading efficiency and robust data quality supporting future ETF launches.”
Bernie Thurston, CEO, Ultumus, says: “At Ultumus, our focus is on delivering measurable value through data innovation. By utilising BMLL’s granular Level 3 data and analytics, we’re able to quantify how accurate, timely fund data improves trading outcomes and market efficiency for clients using Ultumus’ Portfolio Composition File (PCF) service. This collaboration underscores our commitment to innovation and to delivering real benefits for ETF issuers and the broader trading ecosystem.”
Paul Humphrey, CEO, BMLL, says: “Adding ETF data from Ultumus is part of BMLL’s ongoing strategy to broaden our content and data coverage globally, including historical market data from over 100 trading venues and our equities offering covering 100 per cent of the MSCI World Index.
We’re very excited to combine with Ultumus as our global customer base is now able to use these combined data sets to deepen their understanding of ETF liquidity dynamics, how these shift over time, and gain insights that will help them differentiate themselves in a competitive landscape.”
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