So, what's the difference between this and the current (previous?) access model where you use their already existing API to interact with their systems?
The only difference seems that they have published the API and you dont need to have a real bloomberg machine in order to build your code around them.. am i wrong?
Before this, even if you paid you still did not get api access. Or any documentation. They act as if it is still an analogue teletext service right down to the ghastly UI. The terms of service forbid you from storing the data. This seems to be some sort of tentative step out of the twentieth century.
afaik (please somebody correct me if i'm wrong) if you pay for a bloomberg workstation you can download API and use it on your system, but you're limited to using it on a licensed workstation (you cant interface another system in order to pull these data) and you cant pass it without elaborating them
so, as example:
NO you cant use a program on the licensed workstation that sucks data and push them to a database that is used to power a website that shows stock prices
NO you cant get the data from that workstation from other computers via API
YES you can create a custom C++ program that runs on your licensed bloomberg workstation that get data via API, elaborate them with your own algo and give you signals for buy/sell (or maybe create a report that you send to your customers)
This is basically correct. Anyone with a terminal can program against it and use the "desktop" API (the SDK connecting to the terminal). The same for any customer with just an API appliance.
To extend your example, some customers use it to process realtime data, mix in their own data that they do not want to leave their network, then perform some kind of algo on it, and ultimately use the API SDK to feed the results back to Bloomberg for publishing. The SDK is used by publishers who feed content to us -- it isn't just for receiving data.
