Adoption of Bloomberg’s real-time market data feed, B-PIPE, and evaluated pricing service, BVAL, to enhance efficiency and power insights across the enterprise
Bloomberg announced that BayernLB, a specialized bank and investment leader to the Bavarian and German economy, has selected Bloomberg’s flagship real-time market data feed, B-PIPE, and leading evaluated pricing service, BVAL. This builds on BayernLB’s use of the Bloomberg Terminal, resulting in access to consistent data across the firm’s front, middle and back offices. It also complements Bloomberg’s recent collaboration with BayernLB’s asset management arm, BayernInvest, which adopted Bloomberg Buy-Side Solutions spanning AIM, PORT Enterprise, and MARS Collateral Management’s integrated offerings to streamline workflows.
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The use of B-PIPE and BVAL positions BayernLB to access premium, high-quality data in an efficient and scalable way across the enterprise. B-PIPE delivers BayernLB consolidated and normalized real-time streaming market data, pricing, event data and analytics to service the full spectrum of front-office use cases. With BVAL, BayernLB gains access to high-quality evaluated pricing across the liquidity spectrum to inform middle and back-office workflows and help meet regulation and reporting requirements. BayernLB also benefits from the Financial Instrument Global Identifier (FIGI), which is a free, open data standard of the Object Management Group that enables the bank to seamlessly integrate Bloomberg data and data from other sources throughout its systems at no additional licensing cost.
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“As a leading specialized bank, it’s essential that we have access to a broad universe of high-quality market data for a diverse landscape of systems,” said Markus Langenbach, Head of ALM & Analytics at BayernLB. “Bloomberg’s solutions provide us with such access across our front-to-back systems. That allows us to use market data at the highest quality in a cost-efficient way throughout our processes. We’re excited to expand our engagement by incorporating B-PIPE and BVAL to further increase data connectivity across our firm.”
“The value of data that aligns across a firm’s operations cannot be overstated given the time it saves, risks it helps to avoid, and insights it can help uncover. For this reason, we’re pleased to support BayernLB on their journey to maximizing efficiency and streamlining workflows with consistent data they can trust,” said Cory Albert, Global Head of Real-Time Data and Technology at Bloomberg. “This collaboration also furthers Bloomberg’s growing presence and commitment to clients in Germany. We look forward to working with BayernLB and continuing to expand the use of both B-PIPE and BVAL in the region.”
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Source – PR Newswire
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