News

Bloomberg Shares Data With Third Parties Through New Program

Bloomberg’s Enterprise Solutions has launched a partner program, connecting its applications to over 125 financial software providers.

Bloomberg’s Enterprise Solutions has launched a partner program, connecting its applications to over 125 financial software providers.

Mutual clients of Bloomberg and the third-party vendors can now access Bloomberg’s data, such as reference data and pricing information, through the third party.

“Our clients generally come to us with one overarching challenge—that is, how to acquire, organize, distribute and use data across their organization. In many cases, they want to use Bloomberg’s financial information in multiple applications that support trading, reporting, compliance or risk management. Sometimes clients use Bloomberg applications for these functions, but sometimes they use third-party software. That’s when we begin a step-by-step registration process with software providers so we can enable them to access and use Bloomberg’s financial information,” says Gerard Francis, global head of Bloomberg’s Enterprise Solutions group.

Partners run the gamut from order management systems to risk platforms. For example, one partner, Imagine Software, chose to integrate Bloomberg’s live pricing data due in large part to client demand, because many clients are used to and comfortable with Bloomberg symbology, says Lance Smith, CEO of Imagine. And incorporating Bloomberg’s data into Imagine’s software adds value, he says, as clients have a broader choice in the data they use.

Francis adds: “Enabling third-party applications to use Bloomberg’s data and integrate with our desktop and enterprise applications helps Bloomberg deliver consistent service, quality data and, ultimately, more value to our client. In addition, as a result of working with Bloomberg and registered partners, clients can synchronize workflow across their organization and enhance the user experience without adding unnecessary programming complexity.”

Read Article Here

Related News

CASE STUDY: ROBECO

A large, highly respected asset manager offering both fundamental and quantitative strategies.

July 20, 2021
IHS Markit and TSImagine

TS Imagine and IHS Markit partner to open up new Fixed Income trading opportunities

TS Imagine and IHS Markit have announced their partnership whereby the OEMS TradeSmart platform, in combination with IHS Markit’s live evaluated bond pricing data will provide real time insights into the global fixed income bond market.

July 5, 2021
Data quality

Data Quality – Portfolio and Risk Data: Why It’s So Hard To Do It Right

If you have ever thought, “maybe we should collect and store our own data, so that we can have control over it,” or you think that all risk platforms are basically the same when it comes to data, we offer a look behind the scenes at what is involved in building and maintaining comprehensive datasets.

May 24, 2021

Latest Tweet