Waters Rankings 2023: Best market data provider—Bloomberg

Overview

B-Pipe delivers consolidated and normalized real-time streaming prices to support a range of front-office use-cases. It provides low-latency access to 35 million instruments spanning all asset classes, aggregated data from over 350 exchanges and more than 5,000 contributors, as well as unique Bloomberg-generated pricing sources and market indices.

The solution

B-Pipe not only eliminates the burden of having to maintain multiple adaptors for each venue that users require data from, but it also offers analytics to improve workflows. These include time-sliced volume-weighted average price, real-time volatility analysis, services to help set up new securities in real time, liquidity analytics services, and the ability to subscribe to new issues.

Secret sauce

B-Pipe differentiates itself through data quality, reliability, and the fact that it’s a fully managed service. Bloomberg supplements market data with Bloomberg-generated content and analytics. It provides customers with a high degree of technical flexibility by making its tick-for-tick market data and ancillary services accessible from anywhere, including globally through all three major public cloud providers.

Recent milestones

• Bloomberg continues to expand globally, adding cloud-native endpoints for low-latency market data in the cloud.    
• The firm has added real-time content, including Bloomberg Pick muni data, new feed sources, and the extension of its new issuances service to new asset classes with additional fields. It has also added history for its volatilities data services.  
• Bloomberg has added more Rest endpoints for its programmatic interfaces for reporting, entitlements management, and monitoring.

Future objectives

• Expanding the breadth of real-time pricing content
• Continuing to evolve its cloud solutions to ensure scalability as clients onboard additional datasets, as well as launching in more cloud regions with private connectivity
• Supplementing its market data feed with additional data services and upgrading the tools used by customers to streamline operational workloads for market data administration