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

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

CJC Goes ‘Cloud First’, with Google Cloud Migration

CJC, specialists in market data technology consulting and services, has completed a full migration of its managed service tooling and products to the public cloud, and will now operate a ‘cloud-first’ policy for all internal systems and products. In the process, CJC has also migrated its client base to the public cloud. Previously, the company’s...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...