NORD/LB selects Bloomberg B-PIPE for market data access

By Sunniva Kolostyak

Norddeutsche Landesbank (NORD/LB), one of Germany’s leading commercial banks, has adopted Bloomberg’s B-PIPE for immediate and reliable access to high-quality and consistent market data to support all front-office activities.

According to NORD/LB, the adoption of the Bloomberg tool is part of an ongoing transformation plan focused on increasing efficiency across the organisation – and where one of the largest challenges has been enhancing data capabilities in line with increasing demand for access and delivery speed.

With B-PIPE, NORD/LB will have access to streaming data for 35 million instruments across all asset classes, including data aggregated from more than 330 exchanges and over 5,000 contributors. In addition to real-time access to trading data, NORD/LB will benefit from B-PIPE’s high level of service and flexibility.

Using B-PIPE’s unified data model with the same identifiers, fields, metadata and data from Bloomberg’s Data License offering, ensures that NORD/LB can reduce breaks and reconciliations in their data and see consistency across the front, middle and back-office.

“Across today’s volatile global financial markets, firms require a superior, integrated data solution that combines high-quality content and efficient real-time data delivered with the type of granularity that allows them to spend more time putting the data to use,” Tony McManus, Chief Information Officer for Enterprise Data at Bloomberg, said.

“By using our high-performance B-PIPE solution, NORD/LB will be able to streamline and maximize its data usage across the enterprise, ensuring they can react quickly and make informed investment decisions without compromise.”

Also commenting, Andreas Behmann, Head of the Market Data Optimization project at Norddeutsche Landesbank, said: “Bloomberg has been an important partner for us in this process, and we are excited to onboard its industry-leading data feed and management tools, which will meet these needs while minimising overall cost.”

B-PIPE is available on-premises or in any major public cloud, and is part of Bloomberg’s Enterprise Data business, which produces comprehensive pricing, reference and regulatory data sets, real-time market, event and news data, liquidity analytics alongside data management, and distribution technologies.