Bloomberg terminal

[Ohboiya]

Hi all,

Does anyone have a Bloomberg terminal at work? If so, do you know what the costs are? Licensing fees? Usage fees?

I'm thinking of getting one terminal for work.

Thanks!

[winner2000]

This is a good start:

http://about.bloomberg.com/professional/index.html --- you can click on "Contact Sales" to get more in-depth info.

From what I know BTW, the monthly fees are quite high (thousands and thousands of dollars per month).

[monty613]

We have them and it's approx $2K/month from what I hear. You'll have to contact a sales rep for pricing as it depends what you're using it for.

Where do you work?

[monty613]

from Wikipedia:

"Most large financial firms have subscriptions to the Bloomberg service, which costs $1,500 per terminal per month. Many exchanges charge their own additional fees for access to real time price feeds across the terminal."

[B0000rt]

Remember, there's also Reuters if you don't like Michael Bloomberg! :D

[GimmeGear]

I'm curious about this too, and in any of the other high end power tools.
This looks like one of those older businesses that would experience erosion from the net.
How well can this be replicated from low cost & free resources on the net? My guess is that most things can be covered except for the deep databases a la thompson or lexis-nexis. And how much of that closed-off data is increasingly coming online for cheap or free?

What about the software used on terminals like this:

http://www.advancedtrading.com/galleries/showGallery.jhtml?galleryID=18

Anyone know what's being used?

PS: On the Bloomberg's, can you upgrade the screens from 17"ers and get some serious display real estate?

EDIT: I'm DUH, never mind the question about the ING workstations, they say what apps are being used.

[cil254]

Have you looked at 3000 Xtra from Reuters ?

[monty613]

How well can this be replicated from low cost & free resources on the net?


it costs $2k/month for a reason :-0

the amount of information is staggering. even the sales reps tell me they learn new commands and functions all the time because there's so much area to cover .

[GimmeGear]

it costs $2k/month for a reason :-0

the amount of information is staggering. even the sales reps tell me they learn new commands and functions all the time because there's so much area to cover .

That describes my daily experience on the net!

I understand though, it is still not the same as all those proprietary databases. But how much is google, open-access academia, et al changing that? Will it remain that way?

[FrostedGlass]

Bloomberg:

1 terminal = U$1,800 / month + access fees for realtime quotes based on what you want

2+ terminals = U$1,500 / month each + access fees for realtime quotes you want

If you wish they can supply the hardware (box + 2 flat screens) and charge you U$150 / month for each set of hardware.

Depending on what you are looking for there are Thomson Financial and PC Quote that might be worth looking at. Reuters has been bought buy Thomson Financial.

[Nyte]

AFAIK, they cost $1500/month each. It's not really so much a terminal as it used to be, the box they supply you is just a regular windows box running their software.

You can access everything online from their website, you need an account of course.

[GimmeGear]

http://www.portfolio.com/views/blogs/market-movers/2008/02/06/the-power-of-bloomberg


Dow Jones could have done it, said Cramer, but didn't. In reality, whenever there's a buzz in the market (foreclosures, the international exposure of US companies, you name it), two days later there's a Bloomberg function for it. Every day they have thousands of engineers whose job is to make everyone's job easier. And for that reason, said Cramer, Bloomberg is the one company which is well placed to overcome the commoditization of information and data which is characterizing the evolution of the internet.

Well, sounds like I was too quick to judge - except maybe the GUI, looks nasty.
Anyone know where I could try one out just to see what the GUI's like?
Any list of what bloomberg offers that you can't get on the net for free?