Editing Bloomberg Terminal (section)

== Terminal and related products ==
Originally a self-contained operating system running on custom hardware commonly referred to as a ''Bloomberg Box'',<ref>{{Cite news |last=Lowry |first=Tom |title=The Bloomberg Machine |newspaper=[[BusinessWeek]] |publisher=[[McGraw-Hill]] |date=April 23, 2001 |url=http://www.businessweek.com/magazine/content/01_17/b3729001.htm |access-date=October 23, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20091022082539/http://www.businessweek.com/magazine/content/01_17/b3729001.htm |archive-date=October 22, 2009 |df=mdy }}</ref> the Bloomberg Terminal now functions as an application within the Windows environment.  From a user's perspective, there are essentially three distinct levels to the system:

=== Core Terminal ===
''Core Terminal'' is the original Bloomberg system; typically consisting of four windows, or ''Panels'', each Panel contains a separate instance of the terminal command line. As the user enters tickers and functions, they can call up and display the real-time data of the market, with each different screen simultaneously running a program to analyze other tickers, functions, values and markets in real time.  This use of multiple screens with user-demanded, specific pieces of differing data—across all relevant markets—allows the user to view diverse and countless volumes of information in real-time.  Accessing market data, as it develops, allows the user to make trades and investments in all markets across the world, without having any lag in information.  Users can run all four windows on a single monitor or spread them out amongst many monitors, maximizing the information shown on each, to effectually create up to four terminals.

In February 2012, Bloomberg LP publicly announced an upgrade to the Terminal called ''Bloomberg NEXT''. The stated goals of this multi-year, $100 million project were to improve the discoverability and usability of the Core Terminal's functionality.<ref>{{cite news|last=Edgecliffe-Johnson|first=Andrew|title=Bloomberg to reveal data service redesign|url=http://www.ft.com/cms/s/0/8f429986-6093-11e1-af75-00144feabdc0.html|access-date=April 15, 2012|newspaper=Financial Times|date=February 27, 2012|archive-url=https://web.archive.org/web/20120402213845/http://www.ft.com/cms/s/0/8f429986-6093-11e1-af75-00144feabdc0.html|archive-date=April 2, 2012|url-status=live}}</ref>

=== Launchpad ===
Launchpad is a customizable display consisting of a number of smaller windows, called ''components'', each dedicated to permanently displaying one set of data. A typical user would be a stockbroker who wishes to keep a list of 30 stocks visible at all times: Launchpad allows the user to create a small component which will show these prices constantly, saving the user from having to check each stock independently in the 4 terminal windows. To turn on Launchpad the command {BLP {{key press|GO}}} is used, {PDFB {{key press|GO}}} allows users to set Lpad to open automatically on login. Older keyboards had an <Lpad> key which replicated the {BLP {{key press|GO}}} command. Other functions, such as email inboxes, calculation tools and news tickers can be similarly displayed. The Instant Bloomberg messaging/chat tool is a Launchpad component, as are the chat windows it creates. To launch a normal function from the Bloomberg Terminal's 4 Screens into launchpad type {LLP{{key press|GO}}} from the target screen you wish to turn into a launchpad item.

=== Application programming interface ===
The Bloomberg Open API (BLPAPI) [[application programming interface]] (API) allows [[Third-party software component|third-party]] applications, such as [[Microsoft Excel]], to access Bloomberg data via the Terminal and Bloomberg's market data products. A user might wish to use Bloomberg data from the Terminal to create their own calculations; by accessing streaming, historical, and reference market data from another program, they can build these formulae. The Bloomberg Terminal installation ships with Excel add-ins which facilitate building spreadsheets which consume market data.<ref>{{cite news|title=Bloomberg Software Support|url=https://www.bloomberg.com/professional/software_support/|publisher=Bloomberg L.P.|access-date=May 20, 2012|archive-url=https://web.archive.org/web/20120517004815/http://www.bloomberg.com/professional/software_support/|archive-date=May 17, 2012|url-status=live}}</ref> In addition, Bloomberg offers free BLPAPI SDKs allowing Bloomberg subscribers to build their own software which accesses market data in [[Wolfram Language]], [[C (programming language)|C]], [[C++]], [[Java (programming language)|Java]], [[.NET Framework|.NET]], [[Perl]], and [[Python (programming language)|Python]], on [[Microsoft Windows|Windows]], [[Linux]], [[macOS]], and [[Solaris (operating system)|Solaris]].<ref name=open_api>{{cite web |title=Open API |url=http://www.openbloomberg.com/open-api/ |publisher=Bloomberg L.P. |access-date=May 20, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120512182932/http://www.openbloomberg.com/open-api/ |archive-date=May 12, 2012 |df=mdy }}</ref>

=== Financial Instrument Global Identifier ===
In September 2021, Bloomberg earned regulatory approval for its [[Financial Instrument Global Identifier]] (FIGI), a 12-character alphanumerical, open standard, unique identifier for financial instruments that may be attached to common [[equities]], [[Option (finance)|options]], [[Derivative (finance)|derivatives]], [[Futures contract|futures]], [[Corporate bond|corporate bonds]], [[sovereign bonds]], [[Municipal bond|municipal bonds]], [[currencies]], and [[Mortgage-backed security|mortgage products]].<ref>{{Cite web |date=2021-09-15 |title=After lengthy fight, Bloomberg's Figi recognized as official US data standard |url=https://www.waterstechnology.com/node/7877101 |access-date=2022-05-02 |website=WatersTechnology.com |language=en}}</ref><ref>{{Cite web |date=2020-10-01 |title=Bloomberg's FIGI: A Case of Red Light, Green Light |url=https://www.waterstechnology.com/node/7690251 |access-date=2022-05-02 |website=WatersTechnology.com |language=en}}</ref><ref>{{Cite web |title=Bloomberg Promotes FIGI as Primary Global Security Identifier – A Team | date=September 18, 2014 |url=https://a-teaminsight.com/bloomberg-promotes-figi-as-primary-global-security-identifier/?brand=ati |access-date=2022-05-02 |language=en-GB}}</ref><ref>{{Cite web |date=2020-10-04 |title=Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance) |url=https://www.waterstechnology.com/node/7692821 |access-date=2022-05-02 |website=WatersTechnology.com |language=en}}</ref><ref>{{Cite web |date=2015-12-07 |title=OMG Adopts FIGI Identifier Standard |url=https://www.waterstechnology.com/node/2437989 |access-date=2022-05-02 |website=WatersTechnology.com |language=en}}</ref><ref>{{Cite web |date=2022-02-10 |title=One view to rule them all: Buy side firms seek to unify their data |url=https://www.waterstechnology.com/node/7928511 |access-date=2022-05-02 |website=WatersTechnology.com |language=en}}</ref><ref>{{Cite web |date=2021-10-05 |title=Bloomberg's FIGIs Win Nod From US Standards Body: Now What? {{!}} FinOps |url=https://finopsinfo.com/operations/bloombergs-figis-win-nod-from-us-standards-body-now-what/,%20https://finopsinfo.com/operations/bloombergs-figis-win-nod-from-us-standards-body-now-what/ |access-date=2022-05-02 |website=finopsinfo.com |language=en-US}}</ref> This was previously known as the Bloomberg Global Identifier and was introduced in 2009. Once issued, a FIGI number is never reused. There are unique FIGIs that identify securities as well as the individual exchanges on which they trade. There are also composite FIGIs that may be used to represent unique securities across related exchanges, although unique FIGIs would be used to identify common stock on an individual exchange. The FIGI structure is defined and copyrighted by the Object Management Group. Unique FIGIs are published by Bloomberg L.P. It's a competitor to the [[CUSIP]].<ref>{{Cite web |last=Bailey |first=Doug |date=2022-03-25 |title=How CUSIP numbers became a Wall Street battleground |url=https://www.businessofbusiness.com/articles/curious-story-how-cusip-numbers-became-a-wall-street-battleground/ |access-date=2022-05-02 |website=www.businessofbusiness.com |language=en}}</ref>

=== Legal Entity Identifiers ===
In April 2022, Bloomberg released the [[Common Data Format]] 3.1 for [[Legal Entity Identifier]]s (LEIs) and received accreditation as an LEI issuer for funds, a move which would allow firms to better understand their exposure to different types of legal entities and meet regulatory requirements.<ref>{{Cite news |last=Lomax |first=Jenna |title=Bloomberg releases New Common Data Format for LEIs |url=https://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=12952 |access-date=2022-05-02 |work=Asset Servicing Times}}</ref><ref>{{Cite web |last=dan.barnes |date=2022-04-29 |title=Bloomberg releases new Common Data Format for legal entity identifiers |url=https://www.fi-desk.com/bloomberg-releases-new-common-data-format-for-legal-entity-identifiers/ |access-date=2022-05-02 |website=The DESK - Fixed Income Trading |language=en-GB}}</ref> Like the FIGI, the LEI is managed under the Open Symbology unit of Bloomberg.