Bloomberg Terminals

[wrbtrader]

I don't quite understand. Since rigging is illegal, why would traders be stupid enough to chat about it in a room that can be publicly accessible, even though it's only accessible to rich people? I'm sure regulators can access Bloomberg if they want to, since they've backing of taxpayers.

Institutional traders would communicate via codes in the Bloomberg chat rooms.

Yes, regulators and now many financial institutions do monitor those chat rooms...some institutions make the chat rooms now "inaccessible" at their firms but it doesn't stop a trader from using it outside the firm on a trader's personal time or thru someone else not at the financial institution.

Seriously, we're talking about 100's millions of dollars of illegal activity. Pretend the regulators shut down Bloomberg (not possible)...the illegal activity will just continue via another type of social media.

For example...Telegram. It's heavily encrypted and secured. It's already a popular place for other illegal activities in the financial markets.

Examples of the chat channels discovered by Check Point researchers are ‘Dark Jobs’, ‘Dark Work’ and ‘Black Markets’. Messages on these include advertisements seeking to recruit employees of companies or banks, to obtain inside information and sensitive data. One eye-catching job posting found by the researchers was seeking employees of Western Union or Money Gram that have access to certain systems. Allegedly, the employees would be paid $1000 per day for their efforts. Mobile network operators’ employees are also highly sought after. This inside information could be sold, or used to conduct a cyberattack from inside the company.

https://www.helpnetsecurity.com/2018/05/08/telegram-cybercriminals/

wrbtrader

 

[Gambitman]

I have a Bloomberg terminal and I’m a retail trader.

I got it for the following reason: 1.i didn’t want to learn a new platform and 2. all the data is right there. In three or four keystrokes you can find anything.

this meant that I can process a research idea (I trade a descretionary volatility book as well as some risk arbitrage) in 15-30 minutes. I can read newsflow, see charts, look at financials, even legal docs. This is helpful as I don’t trade full time. I have a day job so there is a premium on being efficient throughout the day.

in the eight years I’ve been paying for my terminal, virtually every year I find one or two trades I could only have discovered because of the terminal and that has paid for the terminal cost.

Almost all the information I need is available from other sources but it would be a lot of time sorting and vetting it and it wouldn’t be as easy to access and process it.

Thx for your response. I had a question about the news/newsfeed on a terminal. I used to trade in a Bright Trading office and several members had various news alert services like fly on the wall, trade the news, benzinga etc.

With a terminal do you get news delivered in a way that could be tradeable because it was first or more complete than just having CNBC in in the background?

 

[newwurldmn]

Thx for your response. I had a question about the news/newsfeed on a terminal. I used to trade in a Bright Trading office and several members had various news alert services like fly on the wall, trade the news, benzinga etc.

With a terminal do you get news delivered in a way that could be tradeable because it was first or more complete than just having CNBC in in the background?

yeah. News is released on Bloomberg in seconds. You see earnings reports before they are on CNBC. It’s not tradable as there are others who have machine readers watching the headlines. But for example I bought KCG on the deal news before the bots got it.

 

[ajacobson]

They are the absolute gold standard. One possible way to bring down the cost is by sharing. If possible look at leasing space from a shop that has them.

 

[.sigma]

I have access to an "at home" bloomberg terminal for my finance course. Honestly not that impressed. thinkorswim is way cleaner, for the retail trader at least.

 

[carlaherrera]

The best part about using Bloomberg is that you can stay updated with the latest news, and make decisions according to it.

 

[.sigma]

The best part about using Bloomberg is that you can stay updated with the latest news, and make decisions according to it.

huh? How can the latest news help you make decisions?

Does Bloomberg offer privy news or something?

 

[longandshort]

I have access to an "at home" bloomberg terminal for my finance course. Honestly not that impressed. thinkorswim is way cleaner, for the retail trader at least.

Can thinkorswim plot the yield curve of the 5y10y20y fly? Can you deal, blast IOIs, and coordinate syndicates on Thinkorswim? Can you chart price, earnings events (incl surprise), key events, and estimate data at once on Thinkorswim? Does Thinkorswim have its own team of analysts across all major asset classes, countries, and over 1,000 securities (BI)?

Literally the stupidest post I've ever seen. You truly do not deserve access to a terminal.

 

[longandshort]

yeah. News is released on Bloomberg in seconds. You see earnings reports before they are on CNBC. It’s not tradable as there are others who have machine readers watching the headlines. But for example I bought KCG on the deal news before the bots got it.

let's IB! add me to your spdl

 

[.sigma]

Can thinkorswim plot the yield curve of the 5y10y20y fly? Can you deal, blast IOIs, and coordinate syndicates on Thinkorswim? Can you chart price, earnings events (incl surprise), key events, and estimate data at once on Thinkorswim? Does Thinkorswim have its own team of analysts across all major asset classes, countries, and over 1,000 securities (BI)?

Literally the stupidest post I've ever seen. You truly do not deserve access to a terminal.

someone got butthurt over my unimpressed views of the BloomyTerm

it’s okay mate, it’ll be alright I promise lol