Why Bloomberg’s OpenAPI Participation Is Important for the Financial Industry

Bloomberg’s involvement as a financial information leader with the OpenAPI Initiative and the open source community is built on wider aspirations than it is about choosing the right tools to grow its business. The stakes are especially high in these turbulent times as the ravages of COVID-19 continue to take its toll, already wiping out large swaths of the economy . In this The New Stack Makers podcast, we speak with two open source leaders from Bloomberg: Richard Norton, head of the data license engineering group. Kevin Fleming, head of open source community engagement and member of Bloomber’s CTO office. Bloomberg’s collaboration and backing of OpenAPI as well, its involvement with open source and what this means for the financial sector are discussed. From the outset, APIs are seen as a core underpinning of what Bloomberg offers with, of course, its famous Bloomberg terminals. The data and analytics Bloomberg provides its financial institution and other customers — which might include data feeds for futures or commodities — allows for key decisions to be made, often affecting world capital markets.