The Terminalist’s article, Beyond Bloomberg: The Invisible Curve of Power, provides a compelling analysis of how Wall Street’s data providers maintain dominance through three key points of control, namely, data production, data distribution, and data activation. I would like to comment on a vital player in this market data ecosystem: the Customer.
Customers—hedge funds, asset managers, banks and other market participants—are not passive consumers of data; they are also prolific producers. These firms generate vast amounts of proprietary data from trades, models, customer interactions and advanced analytics. This data is more than an asset. It is a source of competitive advantage, driving insights, alpha generation, and value creation for the firm.
Integrating proprietary data with market leaders’ data presents multiple challenges across infrastructure, data integration, and user experience. At the data and infrastructure level, restrictive service agreements and performance differences make seamless data integration complicated. The growing demand for AI further complicates integration, requiring compliance with strict Infosec policies and evolving SEC regulations, which are forcing a shift to on-premises or hybrid environments.
Beyond infrastructure, the lack of a unified user interface means you’re stuck navigating multiple platforms just to access the data you need. These combined challenges result in fragmented workflows and hindered innovation.
OpenBB gives Customers full control over their data and infrastructure, ensuring seamless integration with market-leading sources—flexible, transparent, and built for performance. OpenBB supports multi-cloud and multi-LLM deployments, on-premises.
Here’s how OpenBB transforms your AI and data strategy:
Flexible on-premises deployment: Run OpenBB in the environment that best suits your infosec, compliance, and operational requirements. Whether on-premises, in a private or managed cloud, OpenBB ensures you have complete control.
Open source data integration: Our MIT-licensed code allows you to connect proprietary, licensed, and public datasets seamlessly. Unlock the full potential of your licensed data by combining it with your proprietary insights, analytics and AI.
Agentic framework: Integrate any AI agent into the OpenBB workspace with our open-source agentic framework. Bring Your Own Agent (BYOA) and let OpenBB orchestrate the best response to user prompts for your workflows.
A UI you control: Create and share dashboards, flexible visualization tools, and enterprise sharing offer the ultimate in user flexibility.
For financial services firms, OpenBB offers a transparent, scalable, and secure solution to build AI-driven capabilities. We are committed to amplifying the value of data from market leaders while giving firms like yours the tools to retain control and innovate faster.
Take the next step: future-proof your AI strategy, own your data workflows, and join the open-source movement with OpenBB. Let’s shape the future of financial data together.
I look forward to hearing your thoughts. Please reach out to me if you want to learn more: heidi.johnson@openbb.finance