Norddeutsche Landesbank Adopts Bloomberg B-PIPE for Real-Time Market Data Access

Adoption of Bloomberg’s high-quality market data feeds supports Norddeutsche Landesbank’s focus on enterprise-wide efficiency

Bloomberg today announced that Norddeutsche Landesbank (NORD/LB), one of Germany’s leading commercial banks and the fourth largest Landesbank, has adopted Bloomberg’s flagship real-time market data feed, B-PIPE. This high-performance solution will provide NORD/LB with immediate and reliable access to high-quality, consistent data to support all front-office activities.

NORD/LB’s adoption of B-PIPE is part of its ongoing transformation plan focused on increasing efficiency across the organization. With B-PIPE, NORD/LB will have access to streaming data for 35 million instruments across all asset classes, including data aggregated from more than 330 exchanges and over 5,000 contributors. In addition to real-time access to trading data, NORD/LB will benefit from B-PIPE’s high level of service and flexibility. Using B-PIPE’s unified data model with the same identifiers, fields, metadata and data from Bloomberg’s Data License offering, ensures that NORD/LB can reduce breaks and reconciliations in their data and see consistency across the front, middle and back office.

“Across today’s volatile global financial markets, firms require a superior, integrated data solution that combines high-quality content and efficient real-time data delivered with the type of granularity that allows them to spend more time putting the data to use,” said Tony McManus, Chief Information Officer for Enterprise Data at Bloomberg. “By using our high-performance B-PIPE solution, NORD/LB will be able to streamline and maximize its data usage across the enterprise, ensuring they can react quickly and make informed investment decisions without compromise.”

“In our transformation journey, one of our largest challenges to tackle has been enhancing our data capabilities, given the increasingly important role that data access and delivery speed plays in the decision-making process,” said Andreas Behmann, Head of the Market Data Optimization project at Norddeutsche Landesbank. “Bloomberg has been an important partner for us in this process, and we are excited to onboard its industry-leading data feed and management tools, which will meet these needs while minimizing overall cost.”

B-PIPE is available “on-prem” or in any major public cloud, and is part of Bloomberg’s Enterprise Data business, which produces comprehensive pricing, reference and regulatory data sets, real-time market, event and news data, liquidity analytics along with data management and distribution technologies. For more information about Bloomberg’s consolidated market data feed, or B-PIPE, please visit www.bloomberg.com/professional/product/market-data/.

About Bloomberg

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 Terminal. 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. For more information, visit www.bloomberg.com or request a demo.

About NORD/LB

NORD/LB Norddeutsche Landesbank is, with total assets of € 130 billion, one of the leading German commercial banks. Its core business areas include transactions with corporate customers, private and commercial customers including private banking, as well as structured financing in the energy and infrastructure sector, for aircraft and for commercial real estate. The bank is based in Hanover, Braunschweig and Magdeburg and also has offices in Bremen, Oldenburg, Hamburg, Schwerin, Düsseldorf, Munich and Stuttgart. Outside of Germany, NORD/LB is represented as a mortgage bank (NORD/LB Covered Bond Bank) in Luxembourg and also has offices in London, New York, Singapore and Shanghai.

Bloomberg Media Contact
Anna Schoeffler, aschoeffler1@bloomberg.net, +44 7825 722 402
Susan Doyle, sdoyle37@bloomberg.net, +1-202-807-2213

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