Ultumus selects BMLL to Make Best-in-class Global ETF Data and Analytics Available to Market Participants Worldwide

The Ultumus BMLL Partnership delivers enhanced ETF trading insights by combining reference data with advanced analytics. This collaboration strengthens market transparency and supports better spread performance

The combination of Ultumus analytics and BMLL data strengthens the data and analytics offering for the global ETF community by combining Ultumus’ leading reference and index data with BMLL’s high-quality historical market data and analytics within its scalable data platforms.  

In tandem, Ultumus will leverage BMLL’s high-quality data to assess the impact of Ultumus’ Portfolio Composition File (PCF) service on trading efficiency, bringing unparalleled 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. Using Ultumus’ PCF, backed by robust BMLL data and analytics, the ETF issuer was able to analyse its spread performance, which evidenced a 16% reduction in spread threshold breaches and a 12% performance uplift.  

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, said: “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, said: “Adding ETF data from Ultumus is part of BMLL’s ongoing strategy to broaden our content and data coverage globally, which already includes historical market data from over 100 trading venues and our equities offering covering 100% of the MSCI World Index.   

We’re very excited to collaborate 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.”  

With the Ultumus BMLL Partnership, global financial players gain powerful tools for ETF innovation, improved execution, and data-driven strategy.