Nordic Capital to Acquire BMLL, Enhancing Market Data Analytics

Nordic Capital has entered into an agreement to acquire BMLL, a leading provider of harmonized historical order book data and analytics. The investment, made in partnership with BMLL's management team and minority shareholder Optiver, aims to accelerate the company's growth trajectory.

BMLL, founded in 2014 by Cambridge academics, specializes in delivering granular Level 3, 2, and 1 order book data across global equities, ETFs, futures, and US options. Its proprietary engineering process standardizes raw market data from over 120 venues into a single, analytics-ready format. This enables financial institutions to streamline research, trading, and compliance workflows without the need for in-house data engineering.

The acquisition underscores the growing demand for high-quality, AI-ready market data infrastructure. BMLL's cloud-native suite eliminates operational friction, offering institutions a competitive edge in extracting insights and improving ROI.