Market Risk Intern

BMLL appoints brad Hunt as chairman after Nordic Capital buyout. BMLL, the independent provider of historical order book data and analytics for capital markets, has appointed Brad Hunt as Chairman of the Board. The appointment follows Nordic Capital's acquisition of BMLL in October 2025 and is framed by the company as the next governance step in a planned push to scale internationally. Hunt brings three decades of experience in financial data businesses. He most recently served as CEO of Rimes Technologies, where he oversaw an expansion from benchmark data management into enterprise data management and investment solutions, culminating in the company's sale in 2024. Prior to that he held strategy and business development roles at Bank of New York Mellon's global markets division, and senior positions at IHS Markit and Goldman Sachs International in London. He succeeds Lee Hodgkinson, who moves to an independent Non-Executive Director role. Hodgkinson previously served as CEO of Euronext London and head of markets and global sales at OSTC, the derivatives trading firm. BMLL has also added Spiros Giannaros as a US-based independent NED. Giannaros currently serves as CEO of Gresham Technologies and previously held the chief executive role at Charles River Development and an executive vice president post at State Street Bank. Board composition after the acquisition. The full board now includes BMLL chief executive Paul Humphrey and chief financial and operating officer Nigel Medhurst alongside the Nordic Capital, Partner David Samuelson and Dan Rosenberg, Managing Director, and Optiver representative Hilde Kaemingk. Optiver was among the strategic investors that participated in BMLL's prior funding, which totalled $83 million across seed, Series A and Series B rounds before Nordic Capital stepped in. Humphrey said the appointment delivered on the ambitions set out when Nordic Capital came on board, and described Hunt's experience as valuable as BMLL moves to extend its global footprint. Hunt, in his own statement, pointed to what he characterised as a growing appetite among market participants for deep historical data insight without the traditional operational overhead of sourcing, cleaning and harmonising raw data, a workload BMLL's platform is designed to absorb on the client's behalf. Market context and competitive positioning. The market for institutional-grade historical market data is concentrated but contested. BMLL competes in a segment that includes exchange data subsidiaries, specialist vendors and the data arms of large financial information groups. Its distinguishing claim is the depth of its Level 3 order book coverage: full message-level reconstruction of order flow, which supports backtesting, execution analysis and the training of quantitative and AI-driven trading models. The strategic logic of the Nordic Capital acquisition mirrors a broader pattern in this sector, where private equity has increasingly acquired specialist financial data businesses to consolidate operations, expand distribution into new geographies and add adjacent product lines. Hunt's background at Rimes, which grew by moving from a narrow benchmark data remit into broader enterprise data management, is directly relevant to that playbook. Regulatory dynamics also shape the competitive environment. MiFID II and its successor framework have raised the bar for best execution reporting and transaction cost analysis across European equities and derivatives, generating structural demand for granular pre- and post-trade data. That regulatory driver is unlikely to soften, and it gives vendors with high-fidelity historical data a durable commercial position, provided they can demonstrate data quality at the level regulators and institutional risk functions expect. BMLL's near-term milestones will include named client wins in new geographies, any expansion of its asset class coverage beyond equities, ETFs and futures, and the pace at which the new board composition translates into partnership or distribution announcements.

Euronext Athens doubles first-half net profit. Euronext Athens reported consolidated net profit of €27 million in the first half of 2026, double the €13.5 million recorded a year earlier. Revenue increased by 56.8% to €53.3 million, while EBITDA rose 92.8% to €34.9 million. EBIT more than doubled to €32.7 million. Trading and post-trading services generated 71.5% of revenue, while listings and services for listed companies accounted for 16.2% and technology services for 12.3%. The General Index rose 31.7% year-on-year, while average daily trading value reached €342.6 million, its highest level since 2007. Total market capitalization stood at €182.5 billion, with foreign investors holding a record 68.6%. Companies raised €6.1 billion during the period, including €5.4 billion through share capital increases and €750 million from bond issues.

Euronext launches AI-driven portal for listed companies. Euronext Corporate Solutions has officially launched its new Investor Relations (IR) Portal. The secure, artificial intelligence (AI)-supported platform is expected to become the digital hub for European listed companies. With this introduction, the exchange operator takes an important step in executing its 'Innovate for Growth 2027' strategy, which focuses on expanding subscription services (SaaS) and creating a unified digital ecosystem. The rollout is already in full swing: more than 180 companies in the Netherlands, Belgium, France, Italy, and Norway have now connected to the new platform. Centralization in a fragmented landscape. Listed companies in Europe operate in an increasingly complex market where the demand for transparency, fast market data, and direct contact with shareholders is growing. Until now, investor relations teams often had to use a patchwork of different systems and data sources. The new IR Portal solves this by bringing all critical tools, data, and expertise behind one secure login. Within the secure and GDPR-compliant environment, companies get access to: * Live price information directly powered by Euronext. * Shareholder analyses and deep insights into investor activity. * An AI assistant that helps users navigate and provides direct access to best practices in the field. * A knowledge bank (Academy & learning hub) with specialist content and events for IR teams. 'The fact that we have welcomed more than 180 companies in less than two months is a strong signal that this portal meets a clear market need,' says Julien Tessier, CEO of Euronext Corporate Solutions. 'It is a concrete step in our promise to be the most efficient partner for IR teams within the European markets.' Time savings for strategic communication. Early market feedback is positive. Companies particularly emphasize the efficiency gains provided by the centralized platform. 'What I appreciate most is that everything is accessible via one login: our IR tools, market data, and expertise from the Academy,' says Giulia Rossi, Head of Investor Relations at the Italian textile company Aquafil. Tove Vestlie, CFO and IR manager at the Norwegian company Soiltech, agrees: 'The portal has become a fixed part of our weekly workflow. It saves our teams time, allowing us to focus on what really adds value: the dialogue with shareholders and strategic communication.' First step towards a broader ecosystem. According to Euronext, the launch of the IR Portal is just the beginning. The platform is designed to eventually become the exclusive gateway for all services and software that Euronext offers to the business community. Currently, Euronext Corporate Solutions already serves thousands of corporate clients in Europe with software and advice in the fields of investor relations, governance, and compliance.