27 September 2016
Find out more

Bloomberg, king of the proprietary desktop, launches App Portal

13 November 2012  |  11825 views  |  0 Man writing graphs on glass wall

Bloomberg has launched an App Portal that gives its 315,000 desktop terminal subscribers access to applications created by third party developers.

The Portal has been launched with 45 applications across a variety of categories including, data analysis, news and research, portfolio management and risk analysis, valuation and pricing, data visualization and technical analysis.

The notoriously propreitary Bloomberg opened up its market data API to third party developers in February. The launch of the Portal is an attempt to emulate the success of Apple's iTunes store in providing a shop window for third parties to sell their applications to professional investors. Like Apple, Bloomberg will take a 30% cut of all sales through the portal.

"Software developers with a great idea, but limited global reach, can work with Bloomberg to get in front of financial professionals around the world virtually overnight," says Stanley Young, chief executive officer of Bloomberg's enterprise products and solutions business. "Our intention is to complement Bloomberg's existing functionality with third-party applications that enable our clients to achieve success."

The Bloomberg App Portal team, led by Claudio Storelli, follows a formal application review and selection protocol. Once selected, application developers receive technical and business support from the Bloomberg team as part of an on-boarding and software quality assurance process. Storelli says the firm is currently working with up to 300 third party developers.

Finextra TV caught up with Storelli at the launch in London, where he discusses the development and benefits of the App Portal.

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

La Caixa FinAppsParty doles out prizes

La Caixa FinAppsParty doles out prizes

07 November 2012  |  5104 views  |  0 comments | 4 tweets | 1 linkedin
Banks should bank on APIs and apps, not applications - Gartner

Banks should bank on APIs and apps, not applications - Gartner

30 October 2012  |  11529 views  |  4 comments | 30 tweets | 11 linkedin
Airtag launches API toolkit for PayPass mobile wallet apps

Airtag launches API toolkit for PayPass mobile wallet apps

18 October 2012  |  6854 views  |  0 comments | 3 tweets
Capital One opens up APIs

Capital One opens up APIs

03 October 2012  |  8087 views  |  0 comments
MasterCard launches mobile PayPass SDK

MasterCard launches mobile PayPass SDK

17 September 2012  |  7699 views  |  0 comments
ING to open API developer portal

ING to open API developer portal

13 September 2012  |  19379 views  |  1 comments
Intuit opens up financial data service APIs to third party developers

Intuit opens up financial data service APIs to third party developers

11 September 2012  |  6389 views  |  0 comments
IZettle releases API for app developers

IZettle releases API for app developers

13 June 2012  |  7060 views  |  1 comments
MasterCard unveils digital wallet and open API

MasterCard unveils digital wallet and open API

08 May 2012  |  13401 views  |  0 comments
Yodlee sets up incubator and open API for digital finance start-ups

Yodlee sets up incubator and open API for digital finance start-ups

02 May 2012  |  7519 views  |  0 comments
AXA opens API store for developer community

AXA opens API store for developer community

19 March 2012  |  20769 views  |  2 comments
Bloomberg opens up market data distribution API

Bloomberg opens up market data distribution API

01 February 2012  |  13482 views  |  0 comments
Thomson Reuters sets up mobile apps challenge

Thomson Reuters sets up mobile apps challenge

21 April 2010  |  9376 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit www.abe-eba.euFind out more

Who is commenting?

A Finextra member Finextra Member Commented on: PSD2 - opportunities,...
A Finextra member Finextra Member Commented on: R3 banks use Intel dis...

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
13446 views comments | 51 tweets | 46 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8615 views comments | 16 tweets | 27 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8391 views comments | 32 tweets | 17 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
6975 views comments | 33 tweets | 15 linkedin
Time has come to extract value from blockchain investment – new Finextra paperTime has come to extract value from blockc...
6909 views comments | 22 tweets | 16 linkedin

Featured job

Find your next job