Reuters Vs Bloomberg
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Hey guys, anyone of you have experience in market data-feed? If you're developing an application which pumps data in from either Reuters or Bloomberg, which one would you choose? *suggested* criteria: a. Cost of ownership b. API architecture, programming model, ease of use and documentation, backward compatibility, availability to different platform/languages? deployment... c. customer service and support calls d. Reliability of market feed e. Any fine prints and limitation on market feed (a low limit/max # of data request per day for instance) f. types of instruments available ... g. delays of price/data updates? h. types and number of basic/derived fields available for consumption i. ... what else? Any thoughts? Any good market feed provider in addition to Reuters and Bloomberg which you might ...?
Norman Fung
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Hey guys, anyone of you have experience in market data-feed? If you're developing an application which pumps data in from either Reuters or Bloomberg, which one would you choose? *suggested* criteria: a. Cost of ownership b. API architecture, programming model, ease of use and documentation, backward compatibility, availability to different platform/languages? deployment... c. customer service and support calls d. Reliability of market feed e. Any fine prints and limitation on market feed (a low limit/max # of data request per day for instance) f. types of instruments available ... g. delays of price/data updates? h. types and number of basic/derived fields available for consumption i. ... what else? Any thoughts? Any good market feed provider in addition to Reuters and Bloomberg which you might ...?
Norman Fung
i did a bunch of programming with reuters a while ago ... it was all proprietary then but i think they moved to an http based infrastructure now which should make life easier ... the older triarch stuff got hairy at times bllomberg was always easier (and way more expensive) i think they both have as good a data quality and coverage so i guess you should see which api you feel more comfy with and what costs suit you better
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Hey guys, anyone of you have experience in market data-feed? If you're developing an application which pumps data in from either Reuters or Bloomberg, which one would you choose? *suggested* criteria: a. Cost of ownership b. API architecture, programming model, ease of use and documentation, backward compatibility, availability to different platform/languages? deployment... c. customer service and support calls d. Reliability of market feed e. Any fine prints and limitation on market feed (a low limit/max # of data request per day for instance) f. types of instruments available ... g. delays of price/data updates? h. types and number of basic/derived fields available for consumption i. ... what else? Any thoughts? Any good market feed provider in addition to Reuters and Bloomberg which you might ...?
Norman Fung
I used Bloomberg quite intensively a while ago. It has couple of different APIs. A C (not C++) one that is quite nice and complex but once you get the basics it's easy to use and super fast. AFAIK you can request realtime updates for up to 3000 instruments. There is also an ActiveX one that can be used from VB but not from .Net because of the declaration of the interface. There are some articles about how to hack it and get it working however I don't recommend that. There is also a .Net one which we tested intensivly. The first versions were very bugy especially when doing lots of subscribe/unsubscribe and performace was quite bad as well. If you do one batch subscribe at the begining and don't change it while the app is running it works nicely. This was a while ago. I've heard they updated it and it migth be better now. The only issue I've seen was that you had to have a BB Professional Licence on the development box to have the .Net or C API working. In number of fields there are lots of them :) The limitations are (as I was saying before) that you need BB Professional to on the box that gets the market feed and you are not allowed to redistribute it. There is a separate licence for that. Normal price is per workstation ($$$$$) with an extra fee (very small $) per market feed. You can pay for real-time market feed (I think about $50 / real-time feed and you get everything else 20 minutes delayed so good enough if you do development. Never worked with Reuters. Corneliu.
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