{"id":36719,"date":"2024-05-22T08:30:11","date_gmt":"2024-05-22T12:30:11","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-makes-proprietary-alternative-data-available-alongside-traditional-enterprise-content\/"},"modified":"2024-05-22T08:30:11","modified_gmt":"2024-05-22T12:30:11","slug":"bloomberg-makes-proprietary-alternative-data-available-alongside-traditional-enterprise-content","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-makes-proprietary-alternative-data-available-alongside-traditional-enterprise-content\/","title":{"rendered":"Bloomberg Makes Proprietary Alternative Data Available Alongside Traditional Enterprise Content"},"content":{"rendered":"
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Quants and Research Analysts can now use Bloomberg Second Measure transaction data analytics with Data License to gain a competitive edge<\/span><\/i>
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Bloomberg today announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction data analytics feeds are now available via <\/span>Bloomberg Data License<\/span><\/a>. Data professionals and quantitative researchers can now seamlessly connect this high-quality alternative dataset with Bloomberg\u2019s more traditional Data License content, for early insight into the performance of consumer companies with greater depth of analysis.<\/span><\/p>\n

Powered by billions of U.S. consumer credit card and debit card transactions, the BSM data analytics feeds deliver valuable insights into company performance and consumer trends in near-real-time at a 3-day lag. The transaction data comes from a subset of a U.S. consumer panel that includes 20+ million consumers, and covers 3,000+ public and private companies and 4,000+ brands across industries.<\/span><\/p>\n

Making Bloomberg Second Measure\u2019s transaction data analytics available for use across the enterprise is Bloomberg\u2019s latest step in developing solutions tailored for quant customers requiring new and advanced data solutions and technologies to find an edge in their investment process. This new offering follows the <\/span>launch<\/span><\/a> of Bloomberg\u2019s Company Financials, Estimates and Pricing Point-in-Time solution that connects and integrates a broad, diverse range of datasets from multiple sources, provides historical point-in-time data and will enable linking traditional company data to more esoteric data like alternative data.<\/span>
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\u201cBy continuing to build out our interconnected suite of company research products, Bloomberg is a catalyst for change to the typically complex quant workflow that requires sourcing and organizing datasets from multiple providers,\u201d said Tony McManus, Global Head of Enterprise Data at Bloomberg. \u201cDelivering our proprietary alternative data directly alongside our traditional financial data through Data License allows quants and research analysts to make efficient, better-informed market projections with unique insights.\u201d<\/span><\/p>\n

The BSM transaction data analytics feeds are also the flagship data source for the ALTD <GO> function on the Bloomberg Terminal, which <\/span>launched<\/span><\/a> in September 2023 in an effort to democratize access to alternative data by seamlessly integrating it alongside traditional market data, broker research, estimates and news on the desktop. With this latest development, Bloomberg is building on its investment in expanding the applicability of alternative data to new use cases for its clients.<\/span><\/p>\n

\u201cMaking our Bloomberg Second Measure transaction data analytics feeds available for use across the enterprise with Data License is the next step in our effort to lower the barrier to entry for investment analysts to use alternative data for generating differentiated insights,\u201d said Richard Lai, Global Head of Alternative Data in Bloomberg\u2019s Office of the CTO. \u201cWe\u2019re excited to continue building on this momentum to support additional research workflows and create new use cases for Bloomberg\u2019s alternative data solutions.\u201d<\/span><\/p>\n

Bloomberg\u2019s Enterprise Data Quant Solutions also include Company Revenue Segmentation Data and Company Industry Specific Fundamental Data products, covering a broad universe of companies and providing deep actionable insights, which seamlessly integrate with other datasets including alternative data. More information on these solutions can be found <\/span>here<\/span><\/a>.<\/span><\/p>\n

Customers can browse, examine and use enterprise datasets at <\/span>data.bloomberg.com<\/span><\/a> or through DATA <GO> on the Bloomberg Terminal, and efficiently access this content via a REST API, SFTP or natively in all major cloud providers.<\/span><\/p>\n

About Bloomberg<\/b>
\n<\/span>Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.<\/span><\/p>\n

For more information, visit <\/span>Bloomberg.com\/company<\/span><\/a> or <\/span>request a demo<\/span><\/a>.<\/span><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Bloomberg’s proprietary Bloomberg Second Measure (BSM) transaction data analytics feeds are now available via Bloomberg Data License.<\/p>\n","protected":false},"featured_media":36728,"template":"","format":"standard","categories":[1469,86,84,88],"press_tag":[2097,2094,1348,2095,97,2074,79,2093,2069],"class_list":["post-36719","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-bloomberg-professional-services","category-data","category-technology","press_tag-alt-data","press_tag-alternative-data","press_tag-bloomberg-data","press_tag-bloomberg-second-measure","press_tag-data","press_tag-data-license","press_tag-press-announcements","press_tag-richard-lai","press_tag-tony-mcmanus"],"yoast_head":"\nBloomberg Makes Proprietary Alternative Data Available Alongside Traditional Enterprise Content | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"Bloomberg's proprietary Bloomberg Second Measure (BSM) 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