Spectrasoft Hopes To Cloud The Bloomberg With Rainbow

THIS WEEK'S LEAD STORIES

One prevailing criticism of Bloomberg L.P.'s otherwise successful fixed-income pricing and analytics service is its proprietary nature: it only works within the hermetically sealed world of Merrill Lynch & Co.-supplied prices and Bloomberg-developed applications. What if a Bloomberg customer wants to design his own analytics and/or use his own applications and data?

Within Bloomberg, he simply can't, and Spectrasoft Inc., a New York-based analytic software development company, is trying to

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