Bloomberg LP recently launched the Bloomberg App Portal, which is a platform that allows software companies, financial firms, universities and other developers to distribute their applications, according to Wall Street and Tech. Bloomberg is hoping its portal will open up the financial app market to smaller, innovative developers. “We don’t have a monopoly on innovation and there are others in the industry with great ideas and content,” said Claudio Storelli, global business manager and head of the Bloomberg App Portal team, in an interview with Wall Street & Technology. “We have opened up the platform for third-party developers so they can work with our terminal and bring value added content to our clients.”
There are currently 46 tools in the app portal that are useful for data analysis, news and research, portfolio management and risk analysis, valuation and pricing, data visualization and technical analysis.