30 April 2017
Visit EBAday.com

Bloomberg opens up market data distribution API

01 February 2012  |  13786 views  |  0 Team meeting

Bloomberg has opened up its market data distribution technology, letting developers use its API without any costs or restrictions.

The API, called BLPAPI, is used daily by more than 100,000 financial services professionals, pumping them market data. It has now been made publicly available under a free-use license meaning Bloomberg Professional subscribers, non-customers and vendors and software developers can use it as an alternative to proprietary technologies for data distribution.

The API interface works with a range of programming languages and operating systems, including Java, C, C++, .NET, COM and Perl. Bloomberg says it also provides users a comprehensive technical definition of a market data interface, an MIT-style license that allows users to copy and use BLPAPI interfaces for use with any data service, applications or adapter technology, and a simple and intuitive interface technology.

The decision to offer up BLPAPI is part of an open market data initiative from the company that began in 2009 with the release of Bloomberg Open Symbology, a system to identify securities across all global asset classes. The move opens a new front in Bloomberg's efforts to cirumvent the proprietary restrictions applied to market data codes and distribution from rival vendor Thomson Reuters.

Tom Secunda, founding partner and global head of Bloomberg's financial products and services division, says: "Today's global financial marketplace depends on the free flow of timely and accurate market information. By embracing open technologies for market data distribution, we remove layers of expense, erase restrictive license agreements and enable innovation."

Shawn Edwards, CTO, Bloomberg, adds: "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. Open technologies allow our customers, partners, and others to direct resources towards developing innovative services instead of coping with rigid technologies."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bloomberg taps consumer sentiment for equity analytics

Bloomberg taps consumer sentiment for equity analytics

31 August 2011  |  16360 views  |  0 comments
Nyse Euronext and Bloomberg promote open standard for securities codes

Nyse Euronext and Bloomberg promote open standard for securities codes

18 March 2010  |  10730 views  |  0 comments
Bloomberg adds trending metrics to machine-readable news service

Bloomberg adds trending metrics to machine-readable news service

19 February 2010  |  9335 views  |  0 comments
Bloomberg smashes proprietary identifier market

Bloomberg smashes proprietary identifier market

04 November 2009  |  14615 views  |  1 comments

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsVisit capgemini.comFind out more

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7958 views comments | 16 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7108 views comments | 17 tweets | 16 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
6923 views comments | 25 tweets | 15 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6271 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
6012 views comments | 20 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job