The leading knowledge platform for the financial technology industry
The leading 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

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.

Related content

WEBINAR

Upcoming Webinar: Integrating Intelligent Machine Readable News

Date: 30 November 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Intelligent machine readable news is a powerful tool in the arsenals of trading and investment firms seeking competitive advantage. It turns unstructured data into actionable insight and can be used, for example, to uncover market trends, identify correlations and...

BLOG

EOSE Appoints Dan Marcus as Strategic Advisor for Next Stage Development

EOSE, a provider of market data solutions, has appointed Dan Marcus as strategic advisor to help support the company’s next stage of development. He joins EOSE’s advisory board that includes KPMG’s asset management advisory team. EOSE was founded in 2018 by Suzanne Lock to help financial institutions commercialise their market data. Clients already on board...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...