Bloomberg opens terminals to third party app developers Developers include software companies, financial institutions and academics, and the tools available will complement the Bloomberg Professional service, providing added value for subscribers. Applications function across a number of categories including data analysis, news and research, portfolio management and risk analysis, valuation and pricing, data visualisation and technical analysis. Tom Secunda, co-founder and Global Head of Bloomberg's Financial Products and Services group, said: Cultivating the third-party developer community is critical to enhancing the user experience and growing the value of the Bloomberg Professional service. The Bloomberg App Portal extends our commitment to embrace innovation and fuel creativity in the financial marketplace. The store will function like the iTunes store, with Bloomberg taking a 30 per cent cut of revenues generated by application sales.