Bloomberg Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Bloomberg Strengths, Domain Expertise, and Key Differentiators

As a prominent provider of financial data and technology services, Bloomberg offers clients an integrated and streamlined corporate treasury workflow. Buy-side financial institutions and corporate treasury professionals trust Bloomberg for a range of tools designed to manage portfolios and risk, optimize workflow, ensure compliance, and reduce operational risk. These tools include features for multi-asset transparency and valuation, execution in FX, fixed income, money markets, and commodities, as well as capabilities for hedge accounting and post-trade analysis, confirmation, matching, and settlement.

The Terminal incorporates FXGO, recognized for its extensive presence among local banks worldwide. It provides users with access to news, analytics, communications, charts, liquidity, functionalities, and execution services. The Bloomberg Terminal is instrumental in enabling individuals across asset classes to translate knowledge into actionable insights.

AIM offers a comprehensive suite of integrated solutions, covering decision support and portfolio management, pre-trade, post-execution, and end-of-day compliance, order management, multi-asset class electronic trading and execution, and post-trade matching. Additionally, it provides services for settlement, reconciliation, performance measurement, data aggregation, and reporting.

Bloomberg Recent Developments

In February 2024, Bloomberg launched an automated trading workflow for EUR Interest Rate Swap (IRS) v Bond Future contracts on Eurex, offering straight-through processing (STP) and reducing operational risks for Futures Commission Merchants (FCMs). Initially covering Euro-denominated IRS spreads to Eurex bond futures, the platform will later include spreads versus cash instruments and additional exchanges. Bloomberg Electronic Trading Solutions (ETS) supports this initiative, providing efficient trading solutions globally.

In February 2024, Commercial Bank International (CBI), a UAE bank, adopts Bloomberg's Multi-Asset Risk System (MARS) for Counterparty Risk, Market Risk, and Valuation. MARS becomes CBI's primary risk management tool, addressing regulatory requirements and providing analytics for derivatives portfolios. The seamless integration of MARS Market Risk supports CBI's treasury business, and MARS Valuations ensures credible valuations for diverse portfolios. This move enhances operational efficiency and risk capabilities. Bloomberg MARS received recognition at the 2023 Risk Market Technology Awards.

In July 2023, Taiwan's Bank SinoPac adopted Bloomberg's MARS Market Risk module for Basel III compliance, streamlining risk and data workflow. The implementation enables seamless modeling of diverse portfolios and complex deals while ensuring compliance with Fundamental Review of Trading Book (FRTB) standards. Bloomberg's solution supports SinoPac in regulatory reporting and risk management with scalability and minimal operational disruption.

In July 2023, NJ Asset Management, an emerging Indian asset management firm, adopted Bloomberg AIM and Bloomberg Vault for its digital strategy. AIM streamlines order management and compliance, while Vault handles e-communications data for surveillance and record retention. This move aligns with NJ Asset Management's commitment to efficient, diligent, and transparent operations, complementing its 'Rule-Based Investing' philosophy.

In October 2022, Paris-based asset manager TOBAM chose Bloomberg's equity indices as benchmarks for its quantitative strategies, emphasizing Bloomberg's global suite's sophistication and quality. Dave Gedeon, Head of Product for Bloomberg’s Multi-Asset Index business, expresses pride in supporting leading firms like TOBAM with adaptable benchmarks.

In September 2022, Investment Manager 7IM adopted Bloomberg AIM for operational efficiency and AUM growth. The system streamlines idea and order generation, ensuring compliance, audit trails, and efficient reconciliation. Bloomberg PORT is used for intraday holdings monitoring, enhancing workflow and scalability. Bloomberg's AIM and PORT offer end-to-end solutions for the global investment lifecycle.

Bloomberg provides integrated solutions for Corporate Finance, Treasury, and more, with a comprehensive enterprise suite for corporate treasury. Recent initiatives include the Shell Subsidiary Staging Portal and strategic partnerships with TMS providers like FIS Quantum/Integrity, MCC Soft-Diapson, and Salmon Software, highlighting Bloomberg's commitment to advanced analytics and tools.

Bloomberg Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Bloomberg applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Bloomberg and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Bloomberg Terminal, Bloomberg Tax Leased Assets, Bloomberg Trade Order Management Solutions (TOMS), Multi-Asset Risk System (MARS) customers.

Bloomberg Key Enterprise and Cloud Applications

Bloomberg Terminal, Bloomberg Tax Leased Assets, Bloomberg Trade Order Management Solutions (TOMS), Multi-Asset Risk System (MARS)

Bloomberg Revenues, $M:

Bloomberg Revenue Breakdown By Type, $M:

Bloomberg Enterprise Applications Revenues By Functional Markets, $M:

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Bloomberg Direct vs Indirect sales

Bloomberg Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Bloomberg Customers

No. of Bloomberg Customers: 400000

No. of Bloomberg Enterprise Applications Customers: 400000

No. of Bloomberg Cloud Customers: x

No. of Bloomberg Cloud Subscribers: x

Bloomberg's user base exceeds 400,000 Bloomberg Terminal customers, with over 90% of the Fortune 500 companies included in its clientele. The platform caters to various users, such as corporate finance and treasury groups, buy-side institutions, hedge funds, and proprietary trading desks. These users regularly engage in cash and risk management activities as integral components of their trade execution business processes.

Bloomberg Market Opportunities, M&A and Geo Expansions

In the aftermath of the financial crisis, Bloomberg has made substantial investments in new technologies, with the primary objective of enhancing the value proposition of its Financial Products division, overseeing the Bloomberg Terminal business.

In its recent years of operation, Bloomberg has strategically undertaken aggressive product development, aiming to provide enhanced services covering trading, analytics, straight-through processing, and investment decision support. This strategy is designed to make competing single-purpose and best-of-breed applications obsolete. The recent incorporations of a robust hedge accounting tool, confirmation and matching for FX, and money market fund trading have notably strengthened Bloomberg's ties with corporate treasury groups.

Bloomberg Risks and Challenges

The Bloomberg Professional service, a proprietary technology solution, faces heightened competition from various sources, including financial information platforms, Big Data analytics, Cloud applications, and social media tools. Additionally, it contends with its primary competitor, Thomson Reuters, which has long sought to supplant the Bloomberg terminal with its information services.

Bloomberg's Cloud strategy is viewed as a mixed blessing, maintaining a direct link to customers through its terminal business while ensuring unhindered access to users. Some financial institutions, recognizing the escalating costs of terminal maintenance, have strategically invested in developing messaging and collaboration microservices over private or public Cloud platforms.

Bloomberg's future growth in the TRM space relies on displacing established competitors and bolstering mobile development to cater to the preferences of a new generation of traders. Despite its significant influence, the Bloomberg terminal business has experienced a slowdown, impacted by the emergence of cloud solutions in trading and regulatory functions.

Bloomberg Ecosystem, Partners, Resellers and SI

Bloomberg and Saudi Research and Marketing Group (SRMG), the largest publishing group in the Middle East, have collaboratively introduced Bloomberg Asharq, a comprehensive Arabic-language business and financial news service. The platform, formerly known as Bloomberg Al Arabiya, is headquartered in the U.A.E., with a primary operational center in the Dubai International Financial Centre (DIFC). The rebranded service, Bloomberg Asharq, integrates Arabic characters with Bloomberg's globally recognized brand, reflecting a strategic alignment between the two entities.

In Dubai, The Exchange in DIFC's Gate Village 11 will serve as the primary hub for Bloomberg Asharq. The platform will also have a strong presence in Abu Dhabi, Riyadh, and Cairo, with dedicated studios. Managed by SRMG, a leading publisher with over 12 publications, including Asharq Al-Awsat and Arab News, Bloomberg Asharq will leverage Bloomberg's global financial content, market data, and news coverage from its extensive team of 2,700 journalists and analysts.

Bloomberg Cloud Infrastructure Insights

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• Bloomberg Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: