Quants and Research Analysts can now use
Bloomberg Second Measure transaction data analytics with Data
License to gain a competitive edge
NEW
YORK, May 22, 2024 /PRNewswire/ -- Bloomberg
today announced that for the first time, its proprietary Bloomberg
Second Measure (BSM) transaction data analytics feeds are now
available via Bloomberg Data License. Data professionals and
quantitative researchers can now seamlessly connect this
high-quality alternative dataset with Bloomberg's more traditional
Data License content, for early insight into the performance of
consumer companies with greater depth of analysis.
Powered by billions of U.S. consumer credit card and debit card
transactions, the BSM data analytics feeds deliver valuable
insights into company performance and consumer trends in
near-real-time at a 3-day lag. The transaction data comes from a
subset of a U.S. consumer panel that includes 20+ million consumers
and covers 3,000+ public and private companies and 4,000+ brands
across industries.
Making Bloomberg Second Measure's transaction data analytics
available for use across the enterprise is Bloomberg's latest step
in developing solutions tailored for quant customers requiring new
and advanced data solutions and technologies to find an edge in
their investment process. This new offering follows the launch of
Bloomberg's Company Financials, Estimates and Pricing Point-in-Time
solution that connects and integrates a broad, diverse range of
datasets from multiple sources, provides historical point-in-time
data and will enable linking traditional company data to more
esoteric data like alternative data.
"By continuing to build out our interconnected suite of company
research products, Bloomberg is a catalyst for change to the
typically complex quant workflow that requires sourcing and
organizing datasets from multiple providers," said Tony McManus, Global Head of Enterprise Data at
Bloomberg. "Delivering our proprietary alternative data directly
alongside our traditional financial data through Data License
allows quants and research analysts to make efficient,
better-informed market projections with unique insights."
The BSM transaction data analytics feeds are also the flagship
data source for the ALTD <GO> function on the Bloomberg
Terminal, which launched in September
2023 in an effort to democratize access to alternative data
by seamlessly integrating it alongside traditional market data,
broker research, estimates and news on the desktop. With this
latest development, Bloomberg is building on its investment in
expanding the applicability of alternative data to new use cases
for its clients.
"Making our Bloomberg Second Measure transaction data analytics
feeds available for use across the enterprise with Data License is
the next step in our effort to lower the barrier to entry for
investment analysts to use alternative data for generating
differentiated insights," said Richard
Lai, Global Head of Alternative Data in Bloomberg's Office
of the CTO. "We're excited to continue building on this momentum to
support additional research workflows and create new use cases for
Bloomberg's alternative data solutions."
Bloomberg's Enterprise Data Quant Solutions also include Company
Revenue Segmentation Data and Company Industry Specific Fundamental
Data products, covering a broad universe of companies and providing
deep actionable insights, which seamlessly integrate with other
datasets including alternative data. More information on these
solutions can be found here.
Customers can browse, examine and use enterprise datasets at
data.bloomberg.com or through DATA <GO> on the Bloomberg
Terminal, and efficiently access this content via a REST API, SFTP
or natively in all major cloud providers.
About Bloomberg
Bloomberg is a global leader in business and financial information,
delivering trusted data, news, and insights that bring
transparency, efficiency, and fairness to markets. The company
helps connect influential communities across the global financial
ecosystem via reliable technology solutions that enable our
customers to make more informed decisions and foster better
collaboration.
For more information, visit Bloomberg.com/company or request a
demo.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bloomberg-makes-proprietary-alternative-data-available-alongside-traditional-enterprise-content-302152140.html
SOURCE Bloomberg