This Java library allows Linux OS users to develop with the Bloomberg API. The Bloomberg API provides free, unrestricted access to raw financial data on current market trades (either real-time or delayed), reference data on historical information, and records of intraday trading. As part of their Open Market Data Initiative the Java library is offered under a "free-use" license, which allows unrestricted access to the interface's header files, documentation, and programming examples. Extensive documentation, including code examples, is available in the Developer Documentation and at the API website. Note that the Linux libraries are only available for the Bloomberg Server API and B-Pipe data feed products and cannot be used with the desktop API.
The UK's FCA has required banks to participate in the API economy through its growing Open Banking Initiative. The FCA has made yet another use of APIs by requiring banks to report outages, service availability, helpline information, and complaints via APIs and/or a standard web format.
In a pragmatic new article for Wall Street and Technology entitled Mashups Slowly Gain Traction on Wall Street, Melanie Rodier provides an overview of how a growing number of financial firms have started turning to mashups to save money and improve operations. The article highlights a new report by the Aite Group that projects that financial firms will spend $35 million on mashup technology in 2009 and includes several insights from Adam Honore, author of the report.