Best Reference Data Integration Vendor: Bloomberg PolarLake

The unbeatable vendor has evolved from a provider of integration technology to a full-service reference data management vendor, simplifying data management for customers and helping firms drive up quality and drive down costs. 

In recent years, Bloomberg PolarLake has grown a huge list of partners, and it now manages more than 30 connections to different data providers, which makes integration of multiple sources easier for customers. John Randles, CEO, Bloomberg PolarLake, says the ambition has always been to manage the entire data universe and, this year, the focus has been on adding index data management, which means Bloomberg PolarLake can now also manage credit and equity index data for customers. “We always wanted to add the index data as well, as there’s so much data linked to index data, and traditionally users have seen index data completely separately,” he says, explaining that index data is tightly linked to corporate actions data and securities reference data, making it an important addition to the data utility.

With an ever-expanding data offering and pre-built integration technology, Bloomberg PolarLake has taken its data management services global, opening an office in Sydney last year and onboarding clients in Singapore, Hong Kong and Australia. “I believe we have more customers, more data vendors and more data sets than anyone else,” says Randles.