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Open Sesame

Open Sesame

Angry Bonds? Bloomberg LP Lets Developers Play With Its Data

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Financial data just little (little) more fun, with Bloomberg LP announcing a new platform for third-party applications powered by the Bloomberg data and news.

There are already more than 45 apps available on the new platform, called the Bloomberg App Portal, including products for data analysis, portfolio management and risk analysis. The app portal can also be used to by Bloomberg clients to share proprietary tools with their own employees, according to a release.

The offering should help Bloomberg compete with Reuters and Markit, both of which have launched similar projects.

“I know a lot of people thought of us as sort of a closed system. Maybe this will make people look at us a bit differently,” Bloomberg co-founder Tom Secunda told The Financial Times, which reported that like Apple before it, Bloomberg will take a 30 percent cut of app store sales. Read More