Bloomberg Open API

Question

Bloomberg Open API announced recently - is it just the Bloomberg SDK which had been (limitedly) exposed to public for quite a while?

My understanding is tha

Answer 1

This API has been available for a long time and enables to get access to market data (including live) if you are running a Bloomberg Terminal or have access to a Bloomberg Server, which is chargeable.

The only difference is that the API (not its code) has been open sourced, so it can now be used as a dependency in an open source project for example, without any copyrights issues, which was not the case before.