New York — Bloomberg is opening its market data interfaces for use by technology professionals globally, without cost or restriction, the company announced today. Bloomberg’s application programming interface, known as BLPAPI, is used daily by more than 100,000 professionals across the financial services industry and is now publicly available under a free-use license at open.bloomberg.com.*
BLPAPI powers global market data distribution to desktops, workgroups and enterprise applications. In addition to Bloomberg Professional service subscribers, non-Bloomberg customers, vendors and software developers can now use BLPAPI as an alternative to proprietary technologies for market data distribution. This is Bloomberg’s latest move in support of its Open Market Data Initiative – an ongoing effort to embrace and promote open solutions for the financial services industry.
“Today’s global financial marketplace depends on the free flow of timely and accurate market information,” said Thomas Secunda, Founding Partner and Global Head of Bloomberg’s Financial Products and Services division. “By embracing open technologies for market data distribution, we remove layers of expense, erase restrictive license agreements and enable innovation.”
“We intend to evolve BLPAPI into an open standard with the help of an independent committee charged with managing the future development and stability of a truly open market data interface,” said Shawn Edwards, Chief Technology Officer of Bloomberg LP. “Open technologies allow our customers, partners, and others to direct resources towards developing innovative services instead of coping with rigid technologies.”
Bloomberg’s open API follows the release of Bloomberg’s Open Symbology (BSYM), a system to identify securities across all global asset classes. BSYM is an alternative to proprietary security identifiers that has been adopted by leading global securities exchanges and financial services organizations.
BLPAPI works with a comprehensive set of programming languages and operating systems, including Java, C, C++, .NET, COM and Perl. Other benefits of using the open API include:
-A comprehensive technical definition of a market data interface that includes publish/subscribe, request/response, all built on a flexible service-oriented design
-An MIT-style license that allows users to copy and use BLPAPI interfaces with any market data service, applications or adapter technology
-A simple and intuitive interface technology that is suitable for high volume and low latency applications
* Bloomberg is offering its programming interface (BLPAPI) under a free-use agreement. This does not apply to any content.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength — delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government and Bloomberg New Energy Finance, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,400 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world. More information about Bloomberg can be found at www.bloomberg.com/company
-Peter Thomas, Bloomberg LP UK, email@example.com, +44-20- 35-25-8276