Content and Data

Market Data

The most sophisticated market data feed on the street.

About

The Bloomberg Market Data Feed (B-PIPE) enables global connectivity to consolidated, normalized market data in real time. Built for the front office and designed for simplicity of use, B-PIPE provides complete coverage of all the same asset classes as the Bloomberg Professional® service. The resulting real-time data, along with streaming delayed data, can nourish a wide array of Bloomberg applications, as well as third-party, internal proprietary, and non-display (black box) applications, for increased efficiency throughout the front office.

Features

Comprehensive and consolidated coverage

Consolidated access to 35 million instruments across all asset classes, aggregated from 330+ exchanges and 5,000+ contributors, as well as Bloomberg composite tickers and market indices.

Rapid access to local and global market data: All real-time market data is available without conflation from Bloomberg’s global ticker plants, with additional local ticker plant installations in all major financial hubs around the world to serve customers with lower latency access to the same data. Streaming delayed data is also available.

Key reference data to describe instruments, such as the Financial Instrument Global Identifier (FIGI) and other key characteristics.

Comprehensive market depth data (buy and sell orders or quotes) across multiple markets in a well-described, normalized convention means support for multiple order and/or quote books, and multiple levels of exchange entitlements across these books.

End-of-day reference prices: Access to normalized, end-of-day reference prices for all exchange-traded securities and some exchange indices, complementing other possible choices for suitable end-of-day reference pricing. Sophisticated Bloomberg algorithms help firms determine which prices to use.

Sophisticated data normalization and intelligence

Intelligent normalization: Receive granular information on each trading venue and/or a normalized view of that trading venue.

Current status of tradable securities: Utilize exchange-specific notations for describing the distinct statuses of a security, complemented by Bloomberg normalized and rationalized descriptions through our latest Security Status 2.0 business logic. Users enjoy the best of both worlds – granular distinctions between each market, and an overall rationalization and normalization of these statuses.

Comprehension of trade types: Access exchange-specific notations for describing types of executions, in addition to a proprietary Bloomberg Standard Condition Code (trade type) and the new Market Model Typology standard maintained by the FIX Trading Community, which will soon encapsulate the mandatory trade flags stipulated by the MiFID II regulations in Europe.

Keep apprised of tick size trading rules with support for both static tick sizes and dynamic tick size tables across most major trading venues to avoid the risk of a missed trading opportunity.

Superior access control: The Entitlements Management and Reporting System (EMRS) empowers firms to supervise entitlements for individual users, user groups, applications and publishing services. Firms can authenticate and authorize every end-user and server-based application for every source of enterprise data, whether real-time market data from Bloomberg or proprietary internal data. EMRS makes it convenient to report data usage to exchanges, as well as allocate costs to actual users.

Unparalleled premium content

Access to the Bloomberg Volume Weighted Average Price (VWAP), which is widely perceived as the industry benchmark for VWAP calculations.

The Bloomberg Generic Price (BGN) is Bloomberg’s market consensus price for corporate and government bonds, calculated by using prices contributed to Bloomberg.

The Bloomberg Composite Rate (CMP), Bloomberg’s “best market” calculation for bank indications for bid and ask rates, is available. Three time frames are represented: CMPT (Tokyo), CMPL (London) and CMPN (New York).

Insights

Turn your data into a strategic advantage