About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Escalates Collaboration to Extend Customer Access to Cloud Data

Subscribe to our newsletter

Bloomberg continues to invest in the cloud and meet its mission of providing efficient access to data in the cloud through a collaboration with Databricks, a data and AI company, that allows mutual customers to access Bloomberg’s data offerings using Data License and its cloud-based data management solution Data License Plus (DL+).

Databricks, Google Cloud BigQuery, Snowflake

This is not a one-off arrangement, with Bloomberg recently releasing the integration of DL+ with Google Cloud’s BigQuery, and earlier this year a Bloomberg DL+ Snowflake Native App. To find out more about Bloomberg’s approach to cloud, Data Management Insight spoke to Don Huff, global head of client services at Bloomberg Data Management Services.

Huff says: “For the past couple of years, there has been a rush to cloud, but when you get there, there are still different platforms and different use cases. Databricks is used mostly for research and can analyse large amounts of data very well. Customers may also be using Snowflake or BigQuery in their workflows.”

DL+, a privately hosted, cloud-based data management solution, addresses these issues by aggregating, organising and linking licensed Bloomberg data from multiple delivery channels. It then delivers the data to applications and data warehouses in a consistent, transparent, and controlled model.

Unified Data Model

Huff says DL+ is a strategic initiative for Bloomberg and a solution that resonates with customers. Behind its success is the company’s underlying Unified Data Model, which has been developed by Blooomberg Data Management Services over some years and is based on an interoperable data mesh. Huff comments: “Our value proposition is the United Data Model. With DL+, we can do 80% of the data management customers want to do and take the pain out of their cloud journey.”

By acquiring then modeling data into inter-linked data tables, DL+ makes it easy to deliver the tables, which are ready-to-use, directly into a client’s Databricks architecture – the same goes for Google Cloud’s Big Query and Snowflake. Subsequent refreshes of the data will push updates to the Databricks workspace, along with revisions to the previous day. The key here is the modeling of the data that makes it ready-to-use, even if it comes from many different files or delivery channels.

Amazon Redshift

With Snowflake, BigQuery and Databricks integrations in place, Huff says Bloomberg is likely to partner next with the Amazon Redshift cloud data warehouse, although he notes the company will go where customers want to go. By way of example, he cites work with Cloudera that has attracted customers.

Huff concludes: “There will be further investment in DL+. Customers are doing great things with it, and Bloomberg will continue to add data content, destinations and lineage.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

Total Portfolio Views Unlock Value from Public-Private Investments: Webinar Review

Total portfolio views within investment management platforms are becoming critical to capital markets participants as private and alternative market assets comprise an ever-larger part of institutions’ investment and risk-management strategies. Having a holistic view enables organisations to unlock the greatest value from their data, a recent A-Team Group Data Management Insight webinar discussed. Aiding in...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...