November 4, 2021
As integrated platforms have become more critical, there’s increased interest to ingest Bloomberg data into proprietary and third-party applications, whether for trade and order management, risk, compliance, portfolio management or analytics.
With Bloomberg Server API (SAPI), clients can access real-time market, historical, and key reference data, as well as calculation tools. SAPI integrates Bloomberg data with both proprietary and third-party client server applications, making SAPI a solution for clients looking to better manage their datasets. It’s a practical solution for clients looking for something between Excel and a market data feed.
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Data consistency
When firms feed an application with a different data source, discrepancies can occur. With SAPI, the data feeding into the application is the same as data found in the Bloomberg Terminal. This helps reduce inconsistencies that can complicate workflow.
“The last thing you want to have happen is to see a different number in the order management system. Longer reconciliations means more money lost as a result of not being able to settle a trade,” said Stephanie Davis, Real-time Product Specialist and Presales Engineer at Bloomberg.
With SAPI, users have a unified view of global markets whether they are managing orders, measuring risk or analyzing portfolios — on or off the Bloomberg Terminal.
Breadth and depth of Bloomberg data
Bloomberg is the benchmark for international markets across all asset classes when it comes to data. Other data providers may be strong in specific markets or regions, but users may still need to rely on another source for data outside of that specialty area. Relying on data from multiple sources can lead to inconsistencies in the way data is invested and cleaned.
“Bloomberg has been around for more than 40 years. In that time we’ve built the infrastructure and developed the knowledge base needed to translate global market activity into world class market data,” said Jeffrey Buhrman, Real-time Technology Sales Specialist at Bloomberg.
With SAPI, clients can leverage the data users already have access to in the Bloomberg Terminal, eliminating the need for separate data licensing agreements. SAPI takes into account your existing Bloomberg Terminal exchange entitlements. Plus, permissioning is simple with the Bloomberg toolkit so customers can control the distribution of data within the organization.
Bloomberg has solutions to suit, no matter how much or how little data a client is looking to integrate. SAPI makes it easier for firms to customize the data they need. SAPI has four service tiers, so firms can customize feeds and have a simple fee structure that doesn’t incur additional per-user fees.
Implementing SAPI is simple
SAPI is lightweight software that takes minutes to implement and is available in multiple programming languages including C, C++, .NET [C#, VB.NET], .COM, Python, and Java, making it easy to integrate with downstreamserver applications.
All of the data you can get from SAPI is requested using a single standardized language, BLP API. With other providers, there could be multiple languages, especially when dealing with multiple providers. Using a single API makes it simple and efficient for technologists to integrate the SAPI feed into third-party systems or proprietary applications.
Want to know more about Bloomberg Server API? Request a demo.
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