• Wamid and BMLL launch Saudi Arabia's first cloud analytics platform for investors.
• Platform offers historical order book data, advanced analytics via a Python environment.
• Boosts trading strategies, market transparency, and aligns with Saudi Tadawul goals.

Wamid, part of Saudi Tadawul Group, has teamed up with BMLL Technologies for several years to give the Kingdom its first cloud analytics platform designed for institutional investors and quantitative analysts. With this revolutionary agreement, Saudi Arabia’s financial technology sector achieves significant progress in line with plans to improve the capital market infrastructure.

Users of the platform are allowed to view complete data on historical order books, ranging from Level 3 and Level 2 to Level 1 data, for equities, ETFs, futures and US equity options across many global markets. These details give users the ability to examine how the markets behave, improve their trading strategies and design and use complex financial models in Python. Thanks to using cloud options, the platform skips the need for internal data preparation and merge, reducing how long it takes for quantitative teams and analysts to work.

“We are thrilled to partner with Wamid and support the Kingdom's ambition to create a more transparent and advanced market ecosystem,” said Paul Humphrey, Chief Executive Officer of BMLL. “Our mission at BMLL is to democratize access to the most sophisticated market data and analytics of the highest quality, enabling firms to make better-informed decisions.” BMLL Technologies, a leading independent provider of historical market data, brings its global expertise to this venture, enhancing Saudi Arabia’s financial landscape.

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The platform sends out T+1 order book data plus pre- and post-trade analytics, making everything easy to use and incorporate into regular flows. This is how Quantum Finance makes it easier to conduct market impact analysis, simulate order book transactions, and manage compliance monitoring, without facing the usual problems with obtaining and processing data. By offering tools previously unavailable in the region, the collaboration supports sophisticated trading strategies and boosts market transparency.

By working together, Wamid confirms its role in supporting financial technology in Saudi Arabia, mirroring Saudi Tadawul Group’s plan to foster market advancements and attract more institutional investment. The Kingdom’s focus on modernizing its capital markets makes this new platform a key factor in Saudi Arabia’s advance in the global financial world, encouraging progress and new ideas.