Waters Rankings 2023: Best market data provider—Bloomberg
Product/service: B-Pipe
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.
“We are thrilled to work with Bloomberg to enable access to the industry’s leading real-time market data through Google Cloud’s secure, sustainable, and scalable infrastructure. Together, we are helping to democratize access to datasets that help front- to back-office professionals uncover useful insights they need to optimize investments and improve performance.”
Philip Moyer, global vice president, artificial intelligence business, Google Cloud
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.
“We’re honored to receive this award for the fifth consecutive year, affirming our commitment to ever enhancing our industry-leading market data solutions. We look forward to further establishing our presence through continued investment in advancing our real-time platform, enabling customers to automate more of their workflows and benefit from our flexible and scalable delivery options.”
Cory Albert, global head of real-time data and technology, Bloomberg
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
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