One of the co-founders of Intrinio, Rachel Carpenter, was recently featured on the Female Entrepreneurs Institute website – a highlight on women in fintech. We’ve reposted the article below:
Bloomberg’s Codebase Unsurfaced
The fintech community has circled around a recent post (which is actually a re-blog from a 2006 article by John Sullivan) which unearths the fact that Bloomberg, a multi-billion dollar financial software, data, and media company, has built their infrastructure with an archaic programming language called Fortran. Fortran would give most fintech firms nightmares.
For those of you unfamiliar with the rise of computing and programming, Fortran is a programming language that was developed in the 1950s by IBM. It’s a powerful language for scientific and numeric computation – but this language is 65 years old. As the author notes:
“Apparently, Bloomberg has been trying to make the jump from Fortran to C++ for some time, but the Fortran codebase and the guys that maintain it are too entrenched. Cripes – in the oil industry we made that transition 15 years ago !”
Starting fall 2015, Harvard Business School (HBS) professors and students will have free, unlimited access to the Intrinio financial data platform. Intrinio financial data provides students with faster, cheaper, and more flexible access to investment-grade financial data.
Intrinio has recently expanded its financial data coverage to offer data on over 8,000 securities. New functionality offers a breakdown of common and preferred stock (and other securities) within companies when available.
As the only cross-platform provider of financial data, our users can access investment-grade financial data anywhere, anytime on any device. This means you can work on your models on your tablet on the plane, on your laptop in the office, or on your phone on the subway. Our Data Feed is compatible on Apple, Microsoft and Android devices. Each user has unlimited access to our entire financial database. It’s our goal to provide you with the flexibility, affordability and transparency that has been missing in the financial data industry.
The Intrinio financial data feed includes: standardized fundamentals, as-reported fundamentals, historical stock prices, 15-minute delayed stock prices, basic company information, economic data, and over 120 ratios and metrics.