There are more than 350 research professionals and more than 2,700 news professionals working for Bloomberg L.P. What sets the Bloomberg Terminal apart from other financial data providers is the sheer amount of information it offers. Subscribers can use the Terminal to create customized portfolios, monitor their investments, place trades, and communicate directly with other Bloomberg Terminal users. In addition to offering real-time market data for stocks, bonds, and other securities, the Terminal also provides economic indicators, news stories, and analyses from Bloomberg's team of journalists and economists. The Terminal, offered through Bloomberg Professional Services, allows professionals in the financial services industry to access Bloomberg's proprietary data and information feeds. Bloomberg L.P., the company behind the Terminal, estimates that there are more than 325,000 subscribers worldwide.Īlso, a number of universities have a Bloomberg Terminal subscription in order to provide students with access to real-world financial market experience. Therefore, the terminal's subscriber base includes banks, hedge funds, investment firms, and some individual investors. Most of the users come from the ranks of institutional investors who are able to afford the substantial monthly and yearly fees. The Terminal's target market consists of traders, analysts, brokers, portfolio managers, and investors. The Terminal changed some of its technology over the years, but the core of its service - the first-rate research and news reporting, as well as the proprietary software tools - remained. The original Bloomberg Terminal used some IBM PC components as a basis but modified the functions so that financial professionals who were inexperienced with computers could use the setup efficiently. Bloomberg used a portion of the $10 million he got as part of his severance package and invested it in his future enterprise. It was created in the early 80s by Michael Bloomberg after he had left the Salomon Brothers investment bank, where he was the head of equity trading and sales at the time.
The Bloomberg Terminal is a computer system designed for traders, bankers, and other financial professionals. Keep reading to learn more! How Was The Terminal Created? The Bloomberg Terminal has been around since the 1980s, and Wall Street traders have used it as their preferred financial instrument ever since.Īlthough you must have seen it in an office or on TV, you might still be wondering: What exactly is a Bloomberg Terminal? We’ll answer that question in this article, but also some others, such as why it’s so popular and whether there are any viable alternatives.
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