BMLL acquired by Nordic Capital

UK’s BMLL is set to be acquired by Nordic Capital in a
transaction carried out with BMLL’s management and minority shareholder
Optiver. Financial terms were not disclosed.

BMLL is an independent provider of harmonised historical
market data and analytics, delivering Level 3, Level 2, and Level 1 order-book
data across global equities, ETFs, and futures. Founded in 2014 in the
University of Cambridge’s machine-learning labs, the company enables banks,
asset managers, hedge funds, exchanges, and academic institutions to accelerate
research, optimise trading strategies, and improve alpha generation. Its
cloud-native platform provides harmonised, nanosecond-timestamped data from 100+
venues, reducing in-house engineering and speeding time to insight.

Nordic Capital’s investment includes a primary capital
infusion to fund product development, innovation, and client delivery. BMLL
plans to broaden venue coverage, extend historical depth, and expand
multi-asset capabilities, positioning the firm as an alternative to incumbent
providers. The initiative advances BMLL’s goal of building a trusted “golden
copy” of high-quality, AI-ready historical market data to support decisions
across the trading lifecycle, from research and alpha generation to execution analytics.

With Nordic Capital’s backing, BMLL will
strengthen its go-to-market capabilities and deepen partnerships with
exchanges, technology platforms, and market-infrastructure providers. The
existing management team, led by CEO Paul Humphrey, will continue to run the
business and remain shareholders.