Wamid and BMLL Technologies have partnered to launch Saudi Arabia's first cloud-based analytics platform for institutional investors.
The multi-year deal brings advanced order book data and Python-native modeling tools to Kingdom's capital markets.
Wamid, the
technology division of Saudi Tadawul Group, has formed a multi-year partnership
with BMLL Technologies to deliver the Saudi market's first white-labeled cloud
analytics platform for institutional investors and quantitative analysts.
Wamid And BMLL to Launch
Saudi Arabia's First Cloud-Based Market Analytics Platform
The
collaboration will provide market participants in Saudi Arabia with access to
comprehensive historical order book data and the ability to execute complex
financial models through a Python-based environment. This is the first platform
of its kind in Saudi Arabia, representing a major step forward for the region's
financial technology sector.
It will
enable quantitative teams, analysts, and institutional investors to access
detailed historical trading data while running sophisticated analytical models.
Users will be able to analyze market behavior patterns and optimize trading
strategies through cloud-based tools that eliminate the need for internal data
curation and harmonization.
Paul Humphrey, Chief Executive Officer of BMLL, Source: LinkedIn
“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, an independent provider of Level 3, 2, and 1 historical market
data, brings extensive global coverage to the partnership. The company's data
encompasses 100% of the MSCI All Country World Index, including equities, ETFs,
futures, and US equity options across more than 100 trading venues worldwide.
Kingdom's Capital Markets Get Major Tech Upgrade
The
partnership reflects broader efforts to enhance Saudi Arabia's capital market
infrastructure and attract institutional investment. By providing access to
advanced analytics tools previously unavailable in the region, the
collaboration aims to support more sophisticated trading strategies and improve
market transparency.
The
platform will deliver T+1 order book data and pre- and post-trade analytics
directly into users' workflows, enabling applications such as market impact
analysis, order book simulation, and compliance monitoring. This eliminates
traditional barriers associated with data acquisition and processing for
financial institutions operating in the Saudi market.
The
partnership reflects Wamid's ongoing efforts to bring advanced financial
technology to Saudi Arabia, supporting Saudi Tadawul Group's broader market
development goals.
BMLL Background and
Funding
BMLL
Technologies, founded in 2014 within the machine learning laboratories of the
University of Cambridge, recently secured $21 million in funding during Q4
2024. The investment round was led by Optiver, with participation from CTC
Venture Capital and existing investors including Nasdaq Ventures, FactSet, IQ
Capital's Growth Fund, and Snowflake Ventures.
The company
has raised a total of $83 million across multiple funding rounds, including a
$26 million Series B investment in 2022/2023 and $36 million through Series A
and seed rounds. This financial backing has supported BMLL's expansion across
global financial markets and development of its cloud-native data science
platform.
Earlier,
the company also established a partnership with Pico, a financial markets
technology service provider, designed to address increasing demand for
concurrent access to both real-time and historical data, with objectives of
enhancing research capabilities, liquidity analysis, and trading performance.
Wamid, the
technology division of Saudi Tadawul Group, has formed a multi-year partnership
with BMLL Technologies to deliver the Saudi market's first white-labeled cloud
analytics platform for institutional investors and quantitative analysts.
Wamid And BMLL to Launch
Saudi Arabia's First Cloud-Based Market Analytics Platform
The
collaboration will provide market participants in Saudi Arabia with access to
comprehensive historical order book data and the ability to execute complex
financial models through a Python-based environment. This is the first platform
of its kind in Saudi Arabia, representing a major step forward for the region's
financial technology sector.
It will
enable quantitative teams, analysts, and institutional investors to access
detailed historical trading data while running sophisticated analytical models.
Users will be able to analyze market behavior patterns and optimize trading
strategies through cloud-based tools that eliminate the need for internal data
curation and harmonization.
Paul Humphrey, Chief Executive Officer of BMLL, Source: LinkedIn
“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, an independent provider of Level 3, 2, and 1 historical market
data, brings extensive global coverage to the partnership. The company's data
encompasses 100% of the MSCI All Country World Index, including equities, ETFs,
futures, and US equity options across more than 100 trading venues worldwide.
Kingdom's Capital Markets Get Major Tech Upgrade
The
partnership reflects broader efforts to enhance Saudi Arabia's capital market
infrastructure and attract institutional investment. By providing access to
advanced analytics tools previously unavailable in the region, the
collaboration aims to support more sophisticated trading strategies and improve
market transparency.
The
platform will deliver T+1 order book data and pre- and post-trade analytics
directly into users' workflows, enabling applications such as market impact
analysis, order book simulation, and compliance monitoring. This eliminates
traditional barriers associated with data acquisition and processing for
financial institutions operating in the Saudi market.
The
partnership reflects Wamid's ongoing efforts to bring advanced financial
technology to Saudi Arabia, supporting Saudi Tadawul Group's broader market
development goals.
BMLL Background and
Funding
BMLL
Technologies, founded in 2014 within the machine learning laboratories of the
University of Cambridge, recently secured $21 million in funding during Q4
2024. The investment round was led by Optiver, with participation from CTC
Venture Capital and existing investors including Nasdaq Ventures, FactSet, IQ
Capital's Growth Fund, and Snowflake Ventures.
The company
has raised a total of $83 million across multiple funding rounds, including a
$26 million Series B investment in 2022/2023 and $36 million through Series A
and seed rounds. This financial backing has supported BMLL's expansion across
global financial markets and development of its cloud-native data science
platform.
Earlier,
the company also established a partnership with Pico, a financial markets
technology service provider, designed to address increasing demand for
concurrent access to both real-time and historical data, with objectives of
enhancing research capabilities, liquidity analysis, and trading performance.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
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We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
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In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
