Broadridge Partners with BMLL to Bring Advanced Pre-Trade Analytics to Global Trading Participants

Rhea-AI Summary

Broadridge Financial Solutions (NYSE:BR) has announced a strategic partnership with BMLL Technologies to enhance its trading platforms with advanced pre-trade analytics capabilities. The integration will be implemented in Broadridge's global sell-side Order Management System (OMS) and Xilix Execution Management System (EMS) for buy-side firms in Japan.

The partnership provides traders with real-time analytics and predictive insights at the point of order entry, including execution time predictions, market impact assessments, participation rates, spread costs, and risk exposure metrics. The system offers features such as average daily volumes by trading session, Average Volume At Time (AVAT), and Remaining Volume At Time (RVAT), along with automated order routing capabilities.

Insights

Financial Technology Analyst

Broadridge's partnership with BMLL enhances their trading platforms with advanced analytics, strengthening competitive positioning in the fintech space.

Broadridge's new strategic partnership with BMLL Technologies represents a significant enhancement to their trading technology infrastructure. By integrating BMLL's Level 3 historical market data and analytics directly into their Order Management System (OMS) and Xilix Execution Management System (EMS), Broadridge is addressing a critical need in the increasingly complex trading environment.

The integration provides traders with pre-trade analytics capabilities including predictions on execution time, market impact, participation rates, spread costs, and risk exposure—all at the point of order entry. This level of analytical insight has become essential as markets grow more fragmented across multiple venues with unique liquidity profiles.

For context, pre-trade analytics are particularly valuable in today's algorithmic trading environment where microseconds and data-driven decisions determine trading success. By offering capabilities like Average Volume At Time (AVAT), Remaining Volume At Time (RVAT), and dynamic execution timing assessments, Broadridge is positioning itself as a more comprehensive solution provider in the capital markets technology space.

The partnership also demonstrates Broadridge's strategic direction toward enhanced data capabilities without building their own data infrastructure—a capital-efficient approach leveraging BMLL's ISO27k-certified infrastructure. This 'buy vs. build' strategy allows Broadridge to focus on integration and client experience while accessing BMLL's specialized data expertise.

This enhancement strengthens Broadridge's competitive positioning against other financial technology providers like Fidessa, Bloomberg, and ION by embedding sophisticated analytics directly into workflow tools rather than requiring separate analytics platforms. The geographic expansion to Japanese buy-side firms through the Xilix EMS also indicates Broadridge's continued international growth strategy in Asian markets.

Pre-trade analytics integrated into Broadridge's sell-side Global OMS and buy-side EMS, Xilix, in Japan

Integrated market intelligence and real-time analytics at point of order entry drives trading performance and manages risk

NEW YORK and LONDON and HONG KONG and TOKYO, Aug. 12, 2025 /PRNewswire/ -- Broadridge Financial Solutions Inc. (NYSE: BR), a global Fintech leader, today announced a strategic partnership with BMLL Technologies, a leading provider of Level 3 historical market data and analytics, to deliver sophisticated new pre-trade analytics capabilities directly within Broadridge's global sell-side Order Management System (OMS) and Xilix Execution Management System (EMS) for buy-side firms in Japan.

"Working with BMLL we are optimizing trading and delivering transformation by integrating actionable insights and robust analytics directly into the workflows of both global sell-side and Japanese buy-side clients," said Brian Pomraning, Chief Product Officer of Broadridge Trading and Connectivity Solutions. "We are providing traders with unprecedented pre-trade insights to optimize their trading decisions at the point of execution. By seamlessly integrating BMLL's high-quality data and analytics, we are empowering our clients to achieve better outcomes—enhancing trading performance, managing risk, and meeting their own clients' demands."

With these integrated enhancements, traders using Broadridge's OMS, as well as Japanese buy-side clients leveraging Xilix EMS, gain instant access to advanced analytics at the point of order entry. Powered by BMLL's historical data, traders receive predictions on execution time, market impact, participation rates, spread costs, and risk exposure, all seamlessly incorporated into existing workflows.

Broadridge's OMS and Xilix EMS now provide users with a rich suite of actionable insights, including average daily volumes by trading session, real-time Average Volume At Time (AVAT), Remaining Volume At Time (RVAT), and dynamic execution timing assessments. Traders benefit from market impact forecasts, participation rate estimates, volatility and risk scoring, and visual displays of intraday trading patterns to inform decisions before execution. Automated order routing further supports smarter execution, with metrics adapting automatically as market conditions evolve.

"We're thrilled to partner with Broadridge, enabling it to provide its buy-side and sell-side clients with pre-trade analytics directly through its EMS and OMS platforms, built using BMLL's high quality historical data," said Dr Elliot Banks, Chief Product Officer at BMLL. "Our mission has always been to democratize access to our datasets. As a result, we are increasingly witnessing a shift across market participants towards buy-and-build strategies, cementing the fact that owning or engineering vast amounts of data is no longer what differentiates firms. It's what they do with the data that matters. Our harmonized data and the BMLL Data Lab research platform empower Broadridge with the best-in-class tools they need to dynamically create custom analytics across global markets and provide pre-trade algos for its customers at speed and scale".

Today's markets are increasingly complex, with multiple venues, unique liquidity profiles, and rapidly shifting trading patterns. By integrating advanced analytics directly within the order management workflow and trading interface, Broadridge and BMLL enable traders to anticipate volatility, minimize market impact, and optimize execution in real time.

BMLL's ISO27k-certified infrastructure and expertise in high-quality Level 3 data ensure Broadridge clients benefit from deep, reliable analytics—without the burden of maintaining their own data environments.

This enhancement reflects Broadridge's commitment to providing trusted and transformative trading technology and actionable intelligence to firms navigating increasingly sophisticated markets - with an optimized and scalable approach.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us, please visit www.broadridge.com. 

About BMLL

BMLL Technologies is the leading, independent provider of harmonised, Level 3, 2 and 1 historical data and analytics to the world's most sophisticated capital market participants, covering global equities, ETFs and futures and US equity options.

BMLL offers banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to the most granular Level 3, 2 and 1 T+1 order book data and advanced pre and post-trade analytics. BMLL gives users the ability to understand market behaviour, accelerate research, optimise trading strategies and generate alpha more predictably.

Founded in 2014 in the machine learning laboratories of the University of Cambridge, the platform enables researchers and quants across global financial services firms to apply complex statistical techniques to BMLL's unique big-data sets with applications such as market impact, pre and post trade analytics, order book simulation and compliance. Users no longer need to buy, curate and harmonise data. With BMLL, they gain cost-effective, instant access to a cloud-native Data Science environment via a single web portal, with a long history of the most granular, full order book data across global equities, futures and ETFs for back-testing and simulation, delivered directly into their workflows.

BMLL secured $21 million strategic investment in October 2024, led by Optiver, with participation from CTC Venture Capital and existing investors. This follows BMLL's $26 million Series B investment from Nasdaq Ventures, FactSet, IQ Capital's Growth Fund and Snowflake Ventures in 2022/2023. Prior to that, BMLL raised $36m through Series A and seed funding rounds.

For more information please explore our website and follow us on X (Twitter) and LinkedIn.

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com 

Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com 

 

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the new partnership between Broadridge and BMLL Technologies?

Broadridge has partnered with BMLL Technologies to integrate advanced pre-trade analytics into its global sell-side OMS and Xilix EMS platforms for buy-side firms in Japan, providing real-time trading insights and predictive analytics.

What new features will Broadridge's trading platforms include after the BMLL integration?

The platforms will include execution time predictions, market impact assessments, participation rates, spread costs, risk exposure metrics, AVAT, RVAT, and automated order routing capabilities that adapt to market conditions.

How will the Broadridge-BMLL partnership benefit traders?

Traders will gain instant access to advanced analytics at the point of order entry, helping them anticipate volatility, minimize market impact, and optimize execution in real-time without maintaining their own data infrastructure.

Which markets will Broadridge's enhanced trading analytics serve?

The enhanced analytics will serve both global sell-side clients through Broadridge's OMS and Japanese buy-side firms through the Xilix EMS platform.

What type of data does BMLL provide to Broadridge's trading platforms?

BMLL provides Level 3 historical market data and analytics through its ISO27k-certified infrastructure, offering high-quality, reliable analytics for trading decisions.