Firms are cutting back on subscriptions to save costs and they have access to the data already without realising it,” Sarumi added.
“Bloomberg Terminal users are declining, but it’s much bigger than that. The Bloomberg Terminal, also called Bloomberg Professional Services, is a software system designed specifically for trading desks and financial markets. Despite this, it held a strong 33% market share with Thomson Reuters holding 23% market share. He added the firm’s aim is “to let market participants know there is a platform out there that can do everything Bloomberg Terminal can do, but with little or no cost.”Ī recent report found user numbers for Bloomberg Terminals declined for the second time in the company’s history in 2016.
Speaking to The TRADE, chief executive officer at Level Trading Field, Lanre Sarumi explained: “Our product is more like an operating system, it doesn’t force things into categories and works the same way as a computer with icon and applications on the desktop.”
While the service is free and a number of applications on the platform are free, other functions like the job board are sponsored. The platform replicates everything Bloomberg and Thomson Reuters offers, but is free to access. For customers with two or more subscriptions, Bloomberg charges 20,000 per year. It offers a platform with web-based communication channels, research tools and quantitative analysis applications. Answer: Bloomberg Anywhere costs the same thing as Bloomberg Terminal. Level Trading Field - launched in April 2016 - was founded by a group of former traders who say costs for using Bloomberg and Thomson Reuters services are unreasonably high.
It is installed on 9 computers in the Finance & Analytics Lab and on one computer on the 2nd floor of the Business Learning Commons. Accessīloomberg Professional available on campus only. Bloomberg Business News provides up-to-the-minute as well as archived news online. Analytic tools for researching and tracking market sectors as well as individual securities. Key global securities markets including equities, money markets, currencies, municipal, corporate/Euro/sovereign bonds, commodities, mortgage-backed securities, derivative products and governments. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. Dealer quotes and data for all securities. Bloomberg terminals provide an integrated platform for price data, financials, news, trading data, and more.It also includes current and historical financial information on individual equities, stock market indices, fixed-income securities, currencies, commodities, and futures for both international and domestic markets. The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. Using Bloomberg Professional Bloomberg Professionalįinancial information, data, pricing and analyst reports for all publicly traded companies.