Bloomberg and Google Cloud announced a new collaboration that will enable mutual customers to easily access B-PIPE, Bloomberg’s real-time market data feed, to power front, middle and back-office applications and systems for trading, execution, and risk management.
Bloomberg is the only financial data provider to enable cloud-native access to tick-for-tick data. B-PIPE offers global real-time access to comprehensive, consolidated market data with industry-leading data normalization and intelligence, including access to 35 million instruments, over 330 exchanges and 80 billion ticks a day.
Enabling access to B-PIPE through Google Cloud’s secure, sustainable, and scalable infrastructure can allow mutual customers to make investing decisions faster. From traders and analysts to data scientists and quants, professionals across the front to back-office can be empowered to capture tick data, test, and quickly pivot to executing their trading strategies, assessing execution quality, measuring risk in real-time, and more.
Additionally, the Google Cloud B-PIPE connectivity model uses Bloomberg’s Open API (BLPAPI), which can provide consistency and resiliency for hybrid and multi-cloud deployment strategies, helping to ensure new client data applications are automatically cloud-ready. In addition to streaming B-PIPE market data, Bloomberg offers multiple services natively in Google Cloud that can help traders, quants and data scientists evolve their strategies.
“As data scientists look to embed more sophisticated analytics within front-office applications, they need seamless access to high-quality real-time data in the cloud without compromising reliability, performance or cost,” said Cory Albert, global head of Cloud Strategy for Bloomberg’s Enterprise Data division, in a statement. “Our continued dedication to expanding Bloomberg’s data availability in the cloud has already provided our clients with the resiliency and elasticity they need to fuel their most critical applications.”