Terminal Link

Terminal Link connects the QuantConnect Platform with the Bloomberg™ Terminal API for rapid backtesting, optimization, and live trading to 1,300+ liquidity pools.

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Leading the World in Algorithmic Trading

QuantConnect's Lean Algorithmic Trading Engine is an open-source, feature-rich, rapidly evolving framework chosen by more than 298,900 quants worldwide. The LEAN engine embraces a modular design that enables rapid testing of new investment strategies. It also allows you to move to other data sources and order routing networks. LEAN's radically open-source nature allows you to adapt and extend LEAN to your needs.

With integrations to millions of alternative datasets, nine asset classes, and highly realistic strategy modeling, LEAN can jumpstart your search for alpha. Let QuantConnect handle the infrastructure lift while you focus on the signal.

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Research, Backtesting, and Optimization, with Data Sourced from the Bloomberg API

LEAN can now connect to the Bloomberg™ Desktop or Server API,* thanks to the plug-in that we refer to as "Terminal Link." The product is in no way affiliated with or endorsed by Bloomberg™. When LEAN taps into Bloomberg™ via Terminal Link, it can run backtests and research notebooks from data sourced from the Bloomberg™ Terminal.

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Research

Perform research using the latest machine-learning libraries, then backtest and live trade the same code in LEAN sourcing data from the Bloomberg terminal by the Terminal Link plugin.

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Historical Data Caching

Terminal Link allows caching data locally in an efficient format for quick backtesting in the LEAN engine. After years of evolution, LEAN can achieve millions of bars per second in event-driven backtesting.

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High-Fidelity Modeling

LEAN provides slippage, spread, and transaction fee models for realistic point-in-time backtesting. All models are customizable to adapt to your strategy requirements.

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Deploy Your Strategy to the EMSX™ Network

QuantConnect's LEAN Terminal Link allows you to route orders to any of the 1,300+ liquidity pools in the Bloomberg EMSX™ network. You also can use the LEAN paper-trading functionality to test your strategy on Bloomberg™'s live data feed. Bloomberg™ is not affiliated with QuantConnect, nor does it in any way endorse Terminal Link.

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Nine Asset Classes Supported

All LEAN asset classes are supported through live trading, including US Equities, Equity Options, Futures, Future Options, Index Options, Crypto, and Spot Forex. Advanced backtest asset modeling keeps your backtesting code identical through to production trading.

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Historical Data Integration

Request and serve your strategies with rich historical data from your Bloomberg™ Terminal API. Get current market data delivered to your strategy for live and paper trading.

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Order Tracking and Management

Fetch open orders, update, and cancel them if needed. Monitor orders as they fill, with partial fill events tracked in LEAN. Market, limit, and stop-limit orders are fully supported.

Route LEAN Executions to Major Prime Brokerages

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Compliance Notes

Bloomberg™ is not affiliated with QuantConnect, nor does it endorse Terminal Link. All users of the integration must hold a Bloomberg™ License to be defined as an "Entitled User." All products must be used in accordance with established licensing terms set by Bloomberg™. All data accessed via the Bloomberg™ Desktop API must remain on the host computer. QuantConnect requires an Institutional plan of at least five users to access the Terminal Link subscription.

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All integration users must hold a Bloomberg License to be defined as an "Entitled User".

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All data accessed via the Bloomberg Desktop API must remain on the host computer. The Bloomberg Terminal and the LEAN instance must be on the same computer. The Bloomberg Server API data can be accessed from client computers within the company network.

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The Bloomberg Server API cannot provide data and works best with the QuantConnect Cloud. Any Bloomberg Server API usage will require soliciting permission via the Bloomberg Permission System.

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Technology

Desktop API

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Research

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Backtesting

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Paper Trading

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Live Trading

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Paper Trading

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Live Trading

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Deploy to Terminal Link

Terminal Link is included with all Institutional Subscriptions on QuantConnect. It can be used with the LEAN CLI on-premise or deployed into a managed cloud with a service agreement.

Type: Data Source, Brokerage

Route orders to any of the Bloomberg EMSX network destinations, and power your research with Bloomberg datafeeds.

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QuantConnect Institutional Plan and Corporate Actions dataset required for the best experience.

>_ lean backtest "My Project" --data-provider "Terminal Link"

Launch local backtests with data from the Bloomberg Terminal desktop API. LEAN automatically fetches the data required for your backtest

>_ lean research "My Project" --data-provider "Terminal Link"

Start Jupyter Research Notebooks tapping into the entire QuantConnect API, with the data sourced from a Bloomberg Terminal.

>_ lean live "My Project" --brokerage "Terminal Link" --data-feed "Terminal Link"

Launch live trading algorithms, trade with any of the 1300+ routing destinations in Bloomberg EMSX network.


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Book a call with our team to learn more and supercharge your Bloomberg Terminal with the cutting-edge of quant research technology.

Email us at: sales@quantconnect.com.