Bloomberg Enterprise Data customers who use Microsoft Azure can now access real-time trading data as well as reference, pricing, regulatory, and point-in-time historical datasets via a private connection in the Azure Virtual Network (VNet).
Data licence content includes reference, regulatory data and point in time historical data for quant and investment research workflows.
This facilitates liquidity assessment and volatility analysis, the company says, with the service covering more than 50 million securities and 30,000 data fields.
The update follows the connection of Bloomberg Enterprise Data’s real-time global market data feed, B-PIPE, to Azure in 2021 with the international rollout completed last year.
The company said that it provides customers with easy access to the data, avoiding the performance limitations, delays and unreliability of using a public internet connection.
In addition it reduces the total cost of ownership for firms, as they do not need to build and maintain on-premises infrastructure.
Access to the expanded data service can also help them make “nimble and strategic investment decisions in the current volatile market,” it added.
“As investment firms continue moving towards more sophisticated analysis, AI and modeling in their strategies, they need advanced front-office applications that ingest large volumes of high- quality data,” said Tony McManus, global head of Bloomberg’s Enterprise Data division.
He adds, “Bloomberg was first to make our data offering accessible in the Cloud in 2018. This native connectivity with Azure further provides mutual clients with an enhanced and simplified data experience, and our managed service helps clients seamlessly transition workloads to the cloud.”
Karen Del Vescovo, corporate vice president of financial services at Microsoft, adds, “The cloud represents a significant opportunity for today’s financial services institutions, as they look to scale their data in a secure and compliant way.”
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