In the software world APIs, or Application Programming Interfaces, are increasingly common. APIs are the means for one piece of software to utilize the services offered by another piece of software. In the financial industry today, APIs are less common than in Silicon Valley. In my opinion, this is primarily due to the battle to capture a user inside a walled garden. Bloomberg is the master of this approach, creating a closed and proprietary system of hardware and software.
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January 06 2023