Trading desks in Japan are about to get a serious upgrade. Broadridge Financial Solutions has partnered with BMLL Technologies to embed advanced Level 3 historical market data and analytics directly into its Order Management System (OMS) for sell-side clients and Xilix Execution Management System (EMS) for buy-side firms.

The goal? To arm traders with real-time, point-of-execution insights that can sharpen decisions, cut market impact, and optimize performance in increasingly complex global markets.

From Data to Decision—Instantly

Historically, high-quality market analytics have been a separate stop in the workflow. Broadridge’s integration with BMLL changes that. Now, traders can access:

• Execution predictions — timing, market impact, participation rates, spread costs, and risk exposure.
• Intraday trading patterns — including Average Volume At Time (AVAT) and Remaining Volume At Time (RVAT).
• Volatility and risk scores — to anticipate shifting market conditions.
• Dynamic routing — automated order paths that adjust as metrics update in real time.

All of it is powered by BMLL’s harmonized, ISO27k-certified Level 3 data—the granular order-book information usually reserved for the most data-rich firms.

Why It Matters

In Japan’s fragmented trading environment, execution quality depends on anticipating liquidity shifts before they happen. By building analytics into the same screens traders use to route and execute orders, Broadridge is cutting decision latency to near zero.

BMLL’s Chief Product Officer Dr. Elliot Banks framed the move as part of a broader industry shift:

“Owning vast amounts of data is no longer what differentiates firms—it’s what they do with the data that matters.”

This reflects a growing buy-and-build trend, where institutions leverage specialized data platforms instead of maintaining their own heavy data infrastructure.

Competitive Context

Competitors in the trading tech space—such as ION, FlexTrade, and Bloomberg—are also racing to integrate analytics directly into execution workflows. But Broadridge’s BMLL-powered approach goes beyond standard market data overlays, offering predictive, adaptive analytics built on historical depth and real-time relevance.

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