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, TS Imagine, 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 TS Imagine. And incorporating Bloomberg’s data into TS 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

Enriching the HVaR Calculation:
Predicting the Past:

HVaR, By Dr Lance Smith, Chief Strategy Officer, TS Imagine Historical VaR (HVaR) has become a standard measurement of risk, in which a current portfolio is subjected to the market conditions of a prior day and the resulting P&L is recorded. Read entire article here.

June 30, 2022

TS Imagine Team at SimCorp IUCM 2022

TS Imagine recently participated in SimCorp’s 3-day International User Community Meeting (IUCM) attracting over 500 clients from around the world. For those who were not able to attend the event, we offer this summary of the history, rationale and benefits of the TS Imagine/SimCorp alliance.

May 24, 2022

TS Imagine EMS Integrates with Appital’s Bookbuilding Platform Ahead of Launch

EMS integration automates historically manual processes, unlocking hard-to-find liquidity for the buyside community.

April 25, 2022