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 Extends Availability of B-PIPE in the AWS Cloud to Europe and Asia

Subscribe to our newsletter

Bloomberg is replicating the US release of its B-PIPE real-time market data feed in the Amazon Web Services (AWS) cloud in Europe and Asia. While a few clients are in production and others are working to get up and running in the US, Bloomberg is testing B-PIPE in the cloud in Tokyo and London with a view to being operational next month.

Among potential users of the cloud-native service are a large European bank that wants to test a very compute intensive use case that it couldn’t previously perform and could become a new business opportunity. In Asia, a Tokyo based firm is moving its front-office apps into the cloud, which was not achievable without access to a real-time enterprise market data service. Tony McManus, chief information officer for enterprise data at Bloomberg, says the company expects B-PIPE in the cloud to be used by different types of customers with different drivers, but for the moment at least, he draws the line at trading and execution.

He comments: “Capital markets participants have traditionally been reticent about cloud adoption, but over the past 18 months or so we have seen a big change, followed by real use cases.”

He acknowledges that cloud can be complex and not always cost effective, but notes promising use cases where there is rising and falling demand for compute power – cloud is particularly good here as it is pay on demand, any kind of heavy analytics, intense compute calculations such as volatility, back testing for research, and machine learning, which needs a large amount of data and storage.

He adds: “As capital markets embrace the cloud, financial professionals are looking for front-office quality applications that provide no-compromise reliability, paired with potential cost savings and performance enhancements.” To deliver on this, the AWS service has been designed with no degradation or loss of quality and provides exactly the same normalised, consolidated real-time market data that is available through the Bloomberg Terminal.

The arrangement with AWS makes B-PIPE accessible on-premise, hosted and in the cloud, giving clients choice in deployment mechanisms for real-time market data delivery. McManus says customers asked first for a B-PIPE AWS solution, which is available on AWS PrivateLink, although Bloomberg will be ready to move the data service into the Microsoft Azure and Google cloud environments when there is sufficient demand.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Smart Trader Desktops: Placing UX at the front and centre of the trading workflow

Date: 15 October 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Trading strategy is in place, the technology stack is optimised and the trading team is highly skilled – but what about the user experience? Whatever the stack, the desktop, the trading apps and their functionality, a trading platform is...

BLOG

AI Integration in Capital Markets: Current Trends and Future Directions

Although artificial intelligence (AI) and machine learning (ML) have been widely used in the capital markets sector since the 2000s, the emergence of generative AI (GenAI) within the last 18 months has spurred a significant increase in investment in AI tools and technologies. This trend is set to continue as AI is deployed and utilised...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...