The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Opens Up Market Data Interfaces

As anticipated, Bloomberg is opening up the interface via which it provides market data to other market data and application vendors, on a free-use basis. It’s part of the vendor’s Open Market Data Initiative, which also extends to market data symbology, as previously announced.

The interface in play is BLPAPI, which is already widely used by Bloomberg customers.  Now, it’s available to non-customers under what the company terms an “MIT-style license that allows users to copy and use BLPAPI interfaces for use with any market data service, applications or adapter technology.” That license is available at http://open.bloomberg.com.

Says Bloomberg CTO Shawn Edwards: “We intend to evolve BLPAPI into an open standard with the help of an independent committee charged with managing the future development and stability of a truly open market data interface.”

BLPAPI provides a consistent interface to data, from high volume low-latency trades and quotes to end-of-day reference data. A technical definition document is available, and the interface itself works with applications written in Java, C, C++, .NET, COM and Perl.

It’s yet to be seen how popular Bloomberg’s initiative will be – it’s hard to imagine Thomson Reuters adopting it, for example. But for niche market data vendors, for markets offering direct feeds, and for data feed management vendors – such as Exegy (which already interfaces to Bloomberg’s data feed) – it might be an attractive option to help sell into trading firms that are big Bloomberg customers.

Bloomberg isn’t the only game in the open market data game. Indeed there still exists the other Open Market Data Initiative, led by the Collaborative Software Institute (with support from Bank of America/Merrill Lynch), though this has been quiet for some time. Perhaps more of a challenge is the OpenMAMA initiative from NYSE Technologies – which might be perceived as more neutral than Bloomberg.

Related content

WEBINAR

Recorded Webinar: Market data in the cloud

The Covid-19 pandemic has created new demand for financial information delivery infrastructure to accommodate the many trading and support personnel now working from home (WFH). For many firms, new cloud delivery and hosting capabilities offer a viable solution for supporting these staff, accelerating demand for cloud-based market data delivery infrastructures. This development has thrown up...

BLOG

RavenPack Report Lists 12 Use-Cases for Alt-Data-Driven Analytics

Analytics provider RavenPack has identified a dozen use-cases for traders seeking to profit from alternative data. In a new report – ‘12 Validated New Ways to Capture Alpha with Alternative Data’ – the company demonstrate how news analytics provides original sources of alpha not already factored in by existing indicators and models. The report –...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...