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

Man Group Partners with Bloomberg to Develop New DataFrame Database Product

Subscribe to our newsletter

Man Group, the technology-empowered global investment firm, has signed a multi-year open-source technology development and product integration agreement with Bloomberg, the financial information company, to build upon Man’s DataFrame database product, ArcticDB, and to integrate it into BQuant Bloomberg’s open source analytics platform.

ArcticDB is a high-performance Python-native database, built in response to the challenges that many large buy-side and sell-side institutions face around the ever-increasing amount of data and complexity of front-office research.

By integrating ArcticDB into Bloomberg’s BQuant open -ource analytics platform, quantitative analysts and data scientists in the financial markets sector will be able to quickly build, test, and deploy models for alpha generation, risk, and trading, using high volume timeseries data from Bloomberg’s comprehensive range of datasets, as well as their own firm’s own internal data. The BQuant environment, which combines Bloomberg data, services, and tools with open-source technology such as Python and Jupyter notebooks, is fully integrated with the Bloomberg Terminal.

Commenting on the partnership, Gary Collier, CTO of Man Group Alpha Technology, said: “Today’s tools are simply not built to address the challenges of real-world data science. Datasets are massive, complex and time-varying. However, regardless of their original form, DataFrames quickly emerge as the unit of analysis in modern data science workflows and ArcticDB makes this a first-class concern. By streamlining how we work, ArcticDB enhances our ability to generate new trading strategies, optimise portfolios, and manage investment risk. These are all features that we expect Bloomberg users will appreciate too.”

Mark Jones, Deputy CEO at Man Group, added: “Technology is part of our DNA; we’re using our 35 years of quant investing and technology experience to improve performance and efficiency across alpha generation, trading and execution, and risk management. ArcticDB has transformed the way we handle data, and we’re confident it will do the same for others.”

ArcticDB deals with individual data elements spanning hundreds of millions of rows, or hundreds of thousands of columns, powering use cases such as deep tick history analysis or modelling of large corporate bond universes. The first iteration of ArcticDB was made available on an open-source basis via GitHub and has seen over one million downloads since 2015. The latest version, which retains the same Python-friendly API backed by a new C++ engine, continues an open-source approach and adds a commercial proposition through an enterprise version for production use.

Shawn Edwards, CTO of Bloomberg, commented: “We’re excited to collaborate with Man Group to further develop the open source ArcticDB project and to enhance our customers’ experience using the BQuant platform by integrating its capabilities. This will give Bloomberg’s quantitative clients the ability to process, analyze, and backtest using billions of rows of timeseries data in seconds as they seek new ways to generate alpha. In addition, this effort further reinforces Bloomberg’s ‘open source first’ philosophy, in which our engineers both use and contribute to the broader open-source ecosystem.”

Subscribe to our newsletter

Related content


Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...


Why “Last Look” Needs a New Look

By Daniel Chambers, BidFX, Head of Data & Analytics at BidFX (an SGX company). For what seems like an eternity now, the controversy surrounding “last look” has hung over the FX industry like a dark cloud. The practice involves a liquidity provider, like an investment bank or market maker, rejecting or requoting a trade after...


RegTech Summit New York

Now in its 8th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.


Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...