Tick42, a leading market data technology specialist, today announced the release of its first production-ready open source Bloomberg Bridge for OpenMama.
This bridge will enable clients using the OpenMAMA API, including NYSE Technologies' SuperFeed and Enterprise Software clients, to gain direct systems access to Bloomberg data, including data from their Bloomberg Terminal.
The launch of this production ready bridge allows OpenMAMA and NYSE Technologies' clients to use the new Bloomberg adapter to connect to the Bloomberg Open API via Tick42's bridge, bringing Bloomberg data into their applications, rather than having to code to the Bloomberg Open API separately. This connects the two major open source initiatives in the market: OpenMAMA led by NYSE Technologies, and Open Bloomberg, headed by Bloomberg LP.
Whilst major players in the market data arena pursue their own development plans and do not formally interact, smaller innovative technology vendors, like Tick42, are typically playing an important role in facilitating the interaction between vendors.
Tick42 CEO Les Spiro said: "We are pleased that our Bloomberg Bridge is providing the functionality that the market wants right now and allowing companies with applications written to the OpenMAMA API to work directly with Bloomberg data. By delivering technologies like this, we are placing ourselves at the forefront of the market debate on how commercial offerings from multiple companies, that are both competing and co-operating, can be handled in an open source environment, particularly with regard to enterprise support. OpenMAMA is gaining significant traction in the financial services industry proving that, to both survive and thrive in the future, competing firms need to develop business models that allow them to work within an open source eco-system."
OpenMAMA users will be able to use the Tick42 Bloomberg Bridge for OpenMAMA to access real-time market data, delayed market data and reference data from Bloomberg via the Bloomberg Terminal, SAPI or a Managed B-Pipe.
"This is a valuable contribution by Tick42 that builds uupon their years of experience with Bloomberg, and which reinforces their commitment to the open source community and in particular, to OpenMAMA," comments Feargal O'Sullivan, Global Head of Alliances, NYSE Technologies, Inc. "Our work with Tick42 on the OpenMAMA Steering Committee is a demonstration of how companies can work together in an open source environment to drive industry innovation and increased efficiency from community participants ."