The industry-leading research tool offers powerful: StockRover, a powerful investment research and analysis tool, offers over 650 metrics - some containing over 10 years of historical data.
Take a look below to see how Bloomberg Terminal’s alternatives measure up.
An API that permits export of data to other software or to custom applications.Worldwide data on a wide variety of asset markets.Primary considerations for alternatives include: Depending on your primary markets and how you use the data provided by Bloomberg Terminal, the software will have different advantages for each user.
If you gather a room full of traders and brokers and ask them each what their favorite feature is within Bloomberg Terminal, you’re likely to get more answers than you can process. In the fast-paced world of financial markets, sharing often isn’t an option, and loses the benefit of messaging and viewing the same data in real time with another colleague or broker whether ten feet away or hundreds of miles away.Ĭritics have complained Bloomberg Terminal has been slow to react to market changes and the need for system upgrades to support newer hardware, such as the long wait for export compatibility with 64-bit systems. At $20,000 per year or higher for each seat, outfitting a multi-user office can be a pricey proposition. The price for Bloomberg Terminal’s worldwide data and powerful financial market tools, making the terminal a status symbol, is likely also its Achilles heel. Unlike some companies who use a support staff that reads from a script, Bloomberg’s support specialists really are specialists and can guide you through complex reporting or export function.
Advantages of Bloomberg Terminalīloomberg Terminal has had its competitors in past years, but by providing a unique value proposition has risen to become the gold standard for financial market news, data and trading tools. Knowledge may be power, but it isn’t free - or even cheap.īloomberg subscribers can pay $20,000 to $25,000 per seat per year for fast access to information and the tools available with the proprietary trading platform. The proprietary system also gives access to breaking news and provides messaging capability to keep the team in constant communication to strategize or to move quickly when data changes or news breaks. Users can place trades and monitor real-time financial market data.
The Bloomberg Terminal, also called Bloomberg Professional Services, is a software system designed specifically for trading desks and financial markets. Bloomberg Terminal reached traders’ desktops during the same era, bringing an instant wealth of knowledge and financial data that would be impossible to assemble quickly with other tools of the time. The early 1980s brought us many of the tools we use for investing.
Benzinga Pro 20% Off Discount Code and Personalized Walk-Through.Best Alternatives to Bloomberg Terminal.The Best Alternatives to Bloomberg Terminal:.