Bloomberg Open API [announced recently][1] - is it just the [Bloomberg SDK][2] which had been (limitedly) exposed to public for quite a while?

_My understanding_ is that Bloomberg SDK is possible to use only on the machine with a Bloomberg Terminal installed, but the recently announced Open API (which is syntactically the same) will be possible to use from any machine.

Is that correct? Are there any restrictions on the new API (say, delayed responses etc)? Just cannot believe they&#39;re giving away for free something that costed money - any clarifications are welcome!

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**EDIT**: The above was probably not clear, so to rephrase: 

 1. I wonder if the newly announced Open API is syntactically the [Bloomberg SDK API][3] (or how they call it?) which has been available for years already
 1. assuming there are restrictions on using Open API on _any machine_ (comparing to using SDK from a machine with Bloomberg Terminal installed) - I wonder if those restrictions are specified in detail in some official Bloomberg doc. 

I can myself guess on both questions, but I thought I&#39;d rather ask :) 


  [1]: http://www.computerworlduk.com/news/it-business/3334375/bloomberg-market-data-api-made-public/
  [2]: http://www.bloomberg.com/professional/software_support/
  [3]: http://www.bloomberg.com/professional/software_support/

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Bloomberg Open API