Azure Logic Apps and Custom Functions

Question

I am relatively new to Logic Apps and still learning. I have a question about the direction I should take to solve the following problem. Let's say I need to create a server-side component that needs to connect to 3rd party data provider via the socket. My company is very young, small, and fully on the cloud. My immediate thought on how to accomplish this is to start and maintain a server on the Azure cloud - Windows or Unix. However, this will add additional monthly costs. here goes my question - is there something in Azure I can use to start my process (C#, Python, or Java) and maintain a connection to the third-party program via sockets without creating and maintaining (and paying) for the server on the cloud?

Again I am interested in an Azure-based solution something around Logic App (unless there is something else out there)

Answer 1

I do agree with @Skin that you can use webhook if Bloomberg offers pub/sub service and about Functions you can use Function app with Dedicated App service plan while creating it:

Or Inside Azure Functions you can code related to 3rd Party and you can use timer trigger or http trigger. If you want to send mails or something else you can use logic apps for it.