An ever-changing mix of factors, such as new applications for data, data sources and the advent of open standards, all exert a powerful influence on the ways data is generated, distributed and applied. Firms around the world are under extreme pressure to connect with new investment pools and expand sources of information.
Every instant, a stream of freshly minted information records the history of ongoing market activity, adding to reams of historical data. Sources for data are multiplying. Increased company-generated data is compounded by the addition of government-produced indices, information from industry monitors, analyses from third-party observers, and a constant flow of news documenting financial developments around the world.
The timely and secure movement of every scrap of this data relies on a critical tie between the marketplace and the market makers. That tie is the data delivery system. Although it can be simply defined, a glimpse below the surface reveals that data delivery is more than pushing bits from Point A to Point B. There are many structures required to support the day-to-day needs of firms that participate in securities trading.
Some firms have turned to direct feeds from market sources to overcome issues of latency, but this model may be viable only for companies with the largest data appetites. Direct feeds require complex connectivity schemes and are offered in no standard format, requiring firms to build custom filters and develop application-specific integration methods.
Firms offering consolidated data delivery services pull information directly from exchanges, brokers and banks, collecting data into a raw stream that is delivered to a series of distribution servers owned and managed by those who subscribe to the service. This basic structure has served the industry for decades, but as the volume of transactions and sophistication of user requirements has increased, shortcomings in the incumbent architecture and business model have become more apparent.
Whether feeds are direct or consolidated, firms employ a cadre of support staff requiring access to the high-quality data they need to support trading floors and applications, communicate to clients, manage risk and perform many other necessary activities. The data to support these needs is delivered in dozens of ways and is consumed by many types of client applications. Even in its most elemental form, the task of delivering data isn’t so simple.
Bloomberg’s Enterprise solutions address many of the key deficiencies inherent in today’s incumbent data-delivery system.
Bloomberg B-PIPE® and event driven trading feeds are components of Bloomberg’s Enterprise Technology Solutions and can be used individually or in combination, depending on each client’s needs.
B-PIPE is a fast, normalized, reliable and cost-effective consolidated market data feed for enterprise use. B-PIPE leverages Bloomberg’s high-performance technology and content to offer unsurpassed functionality and data coverage.
With a focus on global coverage and low latency, B-PIPE delivers every tick and trade from more than 200 global exchanges and over 2,500 contributors. With B-PIPE, you’ll never miss a price. Compelling commercial terms reduce your market data costs, with no additional user access fee for Bloomberg Professional® service clients. Managed B-PIPE leverages the Bloomberg distribution service and managed entitlement system.
To facilitate integration, Bloomberg provides a managed B-PIPE Adapter fully managed and maintained by Bloomberg, eliminating the need for clients to maintain dedicated hardware or interfaces that must be upgraded with each new product release.
- High-speed, reliable feeds delivered on Bloomberg’s world-class infrastructure
- Market-leading data model supporting all of the world’s pricing data
- Maximum levels of market depth
- Support for industry-standard identifiers and emerging open standards such as BSYM – Bloomberg Open Symbology
- Plug-and-play operation with third-party integration solutions
- Managed B-PIPE is a service managed by Bloomberg and administered by your firm, eliminating the need to maintain expensive dedicated hardware and interfaces that must be upgraded with each new product release.
- Integration takes place directly at the application level. The Managed B-PIPE software development kit enables you to feed data from your application directly to either a client/server or client-only based architecture. The Bloomberg Appliance handles the data distribution.
- Managed B-PIPE includes access to Bloomberg Premium Market Data for user-based applications.
Event-Driven Trading Feed
Bloomberg’s event-driven trading feed is a low-latency offering for non-display algorithmic trading applications. It is a real-time feed of all Bloomberg news items, including breaking news headlines on corporate events and exclusive market-moving coverage of markets worldwide, instant delivery of global economics data as it is announced, and key financial data that is automatically extracted from corporate press releases.
Bloomberg News has earned its place as the most reliable, comprehensive and trustworthy source of financial news in the world. With more than 2,500 editorial staff in 146 global news bureaus, Bloomberg is second to none when it comes to providing the news that matters, when it matters.
Bloomberg event-driven trading feeds package Bloomberg’s newsgathering prowess in a feed optimized for computer algorithms, turning text news into machine-readable data through rich tagging of more than 50,000 securities, 1,500 news topics and 500,000 people.
The News Feed contains tags including: news categories, tickers across all asset classes, and people. Bloomberg averages 200 exclusive stories and 12 market-moving stories per day.
Bloomberg event-driven trading feeds allow hedge funds, foreign exchange traders, proprietary trading desks, and portfolio managers to act on market-moving news within milliseconds. The next step in algorithmic trading, machine-readable news opens opportunities for profit, managing risk, and anticipating market momentum.
Point of Presence (POP) for Bloomberg Enterprise Data Feeds
For customers looking to host systems in third party data centers, Bloomberg has deployed Points of Presence (POPs) for Bloomberg Enterprise Data Feeds - B-PIPE® and Event Driven Trading in third party data centers.