Investment bankers do not use Bloomberg as widely as some of their sell-side peers and buy-side professionals. You could probably live without Bloomberg if … It now charges $10 per month for IM only (your company has to own at least one terminal to be able to get this service for additional users). In an effort to kill Symphony, in October of 2017 Bloomberg surprised many observers by decoupling IM from the rest of the terminal license. This is a sticky feature for Bloomberg as it faces competition from the Eikon platform and chat-only startup alternative Symphony. It’s basically the same reason you’re on Facebook and not on MySpace. Bloomberg’s IM service allows anyone on the terminal to IM with others on the terminal. Why is this exciting? Because if traders at all the trading desks are posting quotes on Bloomberg IM and nowhere else, you simply have to be on Bloomberg. Then there’s Bloomberg’s instant messaging service - one of Bloomberg’s arguably stickiest features. Its data sets are more comprehensive and are updated more quickly than any of its peers, making it especially useful for credit research analysts, fixed income sales and bond traders, and professionals in debt capital markets. Bloomberg’s fixed income data is second to none. You’re in any way involved in the bond market. You absolutely have to go with Bloomberg if … While the Bloomberg terminal is used across the financial services world, it is used predominantly by portfolio managers, buy-side analysts, and sell-side finance professionals within the sales and trading, and asset management functions. Bloomberg is best for …īuy-side, sales and trading, and asset management. For example, once schools commit to 3 terminals, they can get nine additional machines for free, dropping the total per-terminal cost to as little as $3,000 per year. The price drops to $24,240 per terminal per year for 2 or more terminals.Īcademic discounts: For universities looking to power their finance labs with the famous terminals, Bloomberg offers significant incentives. The cost of a Bloomberg Terminal is $27,660 per year, and terminals are leased on a two-year basis. Its closest rival is Refinitiv Eikon, with ~20% of the market share. It controls more than ~33% of the financial data market. (1) Source: Burton-Taylor International Consulting 2020 Financial Market Data Report Bloombergīloomberg is the 800-pound gorilla in the financial data world, with financial data revenue of approximately $10+ billion. The cost of Eikon is $22,000 per year, but a stripped-down version can cost as little as $3,600 per year. The cost of a FactSet subscription is $12,000 per year for the full product. The lack of transparency around Capital IQ’s pricing stems from their product offerings being customized solutions for the customer profile and specific use-cases. The cost of Capital IQ is not published publicly, as the pricing model is tier-based and tailored to meet the specific needs of each customer. The price drops to $24,240 per terminal per year for two or more terminals. The cost of a Bloomberg Terminal is $27,660/year for one license, and terminals are leased on a two-year basis.
0 Comments
Leave a Reply. |