The implementation is intended to help the bank with new data and pricing workflows across front-, middle- and back-office systems.
Bayerische Landesbank, a.k.a BayernLB, a specialized bank serving the Bavarian and German economies, will be using Bloomberg’s real-time market data feed B-PIPE and evaluated pricing service BVAL.
The implementation “complements Bloomberg’s recent collaboration with BayernLB’s asset management arm, BayernInvest, which adopted Bloomberg Buy-Side Solutions spanning AIM, PORT Enterprise, and MARS Collateral Management’s integrated offerings to streamline workflows,” officials say.
B-PIPE will deliver to BayernLB “consolidated and normalized real-time streaming market data, pricing, event data, and analytics to service the full spectrum of front-office use cases,” according to Bloomberg. “With BVAL, BayernLB gains access to high-quality evaluated pricing across the liquidity spectrum to inform middle and back-office workflows and help meet regulation and reporting requirements.”
BayernLB will also use the Financial Instrument Global Identifier (FIGI), an open data standard of the Object Management Group that will help the bank “integrate Bloomberg data and data from other sources throughout its systems at no additional licensing cost,” officials say.
“As a leading specialized bank, it’s essential that we have access to a broad universe of high-quality market data for a diverse landscape of systems,” says Markus Langenbach, head of ALM and analytics at BayernLB, in a prepared statement. “Bloomberg’s solutions provide us with such access across our front-to-back systems,” he adds.
BayernLB serves savings banks, institutional investors, and the public sector.
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