Waters Rankings 2020: Best Market Data Provider—Bloomberg

For Bloomberg, the past year was one of entrenching its position, repeating last year’s win in the best market data provider category, and upgrading and expanding the Enterprise services it provides, consolidating its position with clients beyond just users of its Bloomberg Professional terminal.
After making its B-Pipe data feed available in the cloud last year via Amazon Web Services, and receiving a positive response from clients, Bloomberg has since gone “fully global” with AWS and is now making B-Pipe available via numerous AWS locations worldwide, says Tony McManus, CIO of enterprise data at Bloomberg. To make the most of this migration to the cloud, Bloomberg rebuilt its monitoring and entitlements systems last year to be web- and API-based. The vendor has also been adding content from other parts of its business to its Enterprise services, such as making every dataset available via its Data License service also available via its real-time services.
Some of these upgrades were scheduled in response to client demands for specific content—for example, making its popular terminal-based real-time volatilities product available via an API for use in other applications. Other upgrades were driven by the Covid-19 outbreak, including a “massive” backbone upgrade for Bloomberg Anywhere, the vendor’s web-based terminal access product, in response to significant increases in usage as more clients started working from home, without adversely impacting the vendor’s level of service. McManus says Bloomberg is proud of the level of support it was able to provide to clients who shifted to work-from-home models, and of the productivity of its own 20,000 staff who have also been working from home since the outbreak.
Finally, the vendor has also looked at which of its products—such as its Liquidity Monitor—could help clients address their changing risk profiles resulting from the current environment. “Everyone is trying to figure out how to respond in real time,” McManus says. “Because we work with customers in a way that takes a consultative approach, that really helps to differentiate us.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
BST Awards 2023 winner's interview: S&P Global Market Intelligence (data management)
S&P Global Market Intelligence won the award for the best data management product in this year's Buy-Side Technology Awards.
BST Awards 2023 winner's interview: S&P Global Market Intelligence (managed data service)
S&P Global Market Intelligence won the best managed data service in this year's Buy-Side Technology Awards.
AFTAs 2023: Most innovative third-party technology vendor (data, data services & data management)—SmartStream Technologies
Project: Reference Data Utility (RDU)
AFTAs 2023: Best IT team (sell side)—Goldman Sachs
Team: Goldman Sachs Marquee
AFTAs 2023: Best new technology introduced over the last 12 months (AI & machine learning)—CompatibL
Project: CompatibL AI
AFTAs 2023: All the winners and why they won
Here are the winners of the 30 categories in the 2023 American Financial Technology Awards. This year's multi-category winners are JP Morgan, Morgan Stanley, Goldman Sachs, Northern Trust and Wells Fargo.
AFTAs 2023: Best IT team (buy side)—TCW Group
Team name: Architecture and Engineering Team (AET)