If you don't have Bloomberg any more... which software ?

[Zzzz1]

Forget money.net. It does almost not have anything you are asking for, and what they have is utterly simplistic.

I recommend you to look at Eikon Xenith which sells for 100 per month for Realtime currency data and delayed futures and equities. You can add real time data for futures and equities as needed but then need you subscribe to the 150/month package and pay extra.

Thanks, never heard of it, but it looks like a BBG.
I will test it, tx!

My needs :
Top news
Macro datas
Multi-time frame charts
Simple formula (excel-like)
Easy signals
Available / distributed in Europe (more precisely France)
Client Service (call center).

CM

 

[Zzzz1]

Absolutely agree. Excellent post. The reason I did not include the full Eikon option is that obviously money must be a reason OP has to get rid of bbg. Hence Eikon is not much cheaper. But the low cost Eikon version does what OP is asking for albeit with reduced Eikon features.

Jeez... not money dot net again !

They are obviously employing excellent PR and marketing people. But that's as far as it goes.

To call money.net a viable competitor to Bloomberg is an absolute joke.

Apples and Oranges. Chalk and Cheese.

You are living on a different planet, in a different universe if you seriously think money.net is anywhere near Bloomberg.

Nothing comes near to the breadth and depth of functionality and data available at your fingertips on a Bloomberg terminal.

Reuters Eikon (the REAL one, NOT the crippled Metastock version !) would realistically be their nearest competitor, and even they are lacking in certain areas.

The second-tier vendors like Infront and Fidessa and others are ok for basic stuff like prices and RNS. But you won't find much (any) of the value-add stuff that you do on the top-tier.

And then you've got the bottom feeders like Money.net .... who give you a fraction of the information for a fraction of the price and are only really useful for unsophisticated dumb retail traders who like to think they're getting "Bloomberg for cheap" but really they're not.

Its like YCharts... they also call themselves a "same as Bloomberg" but they're a joke too. For a start, you can forget about ANY non-US data on YCharts, they don't have any.

 

[Zzzz1]

Lol, please get your facts straight. Symphony has nothing to do with money.net. In fact it's free to download and use. Anyone can get a symphony account.

Depends what functions of the Bloomberg you use. It is used for messaging by a lot of people. Money.net has symphoney messaging built in.

 

[Zzzz1]

Gotta remember your userid. Finally someone who knows what he is talking about. You forgot to mention that if someone wants to cancel within the 2 year contract period one has to pay 50% of the remaining months in the contract.

@CBC ...

1. Probably a setting somewhere, I always mean to go looking for it.

2. Oddly enough, I've never tried (or at least not conciously, maybe I do it subconciously !) . I don't spend a huge amount of time on the charts, I use the other areas of the product for my research. Not infront of BBG at the moment, will try later if I remember.

3. You don't have to have Bloomberg hardware. You can just use software, and hence just like any other piece of software, it doesn't take over your computer.

4. Delayed included for most markets. You pay if you want live.

5. Yes, somewhere around the 25K USD mark (plus sales taxes as applicable for your location). Forget about any "negotiations". And 2 year term, not 3, with 6 months notice. They do a 30 day free trial if you ask them nicely (but you have to go to a Bloomberg office first to suffer a sales pitch before they give you a login).

And no, you can't "share" it. You've got the choice of two versions (both same price, same product, just different access) :

• Bloomberg Professional (tied to one machine, unlimited user logins) ... for example if you want a Bloomberg box sitting in the corner of an office.
• Bloomberg Anywhere (tied to one user, unlimited machines).

For Bloomberg Anywhere, you can't just share your login details with other people. They have this very fancy security device that verifies you are the person sitting at the screen at the time you login (you swipe your fingerprint AND you have to hold the device to the monitor).

Bloomberg Professional logins won't work anywhere except on the machine they were created on and are tied to.

 

[Tim Smith]

I did not include the full Eikon option is that obviously money must be a reason OP has to get rid of bbg. Hence Eikon is not much cheaper.

True. And I guess if money is a concern, I would look at the second-tier established vendors. For example, the Infront product is actually one of the nicer second-tier ones I've seen.

But whichever way, just stay away from the bottom feeders.

 

[comagnum]

You may want to look at TradeStation. They came in first for professional trading platform and data feed in last months readers poll in the magazine 'Technical Analysis of Stocks and Commodities' Or better yet read all of the reviews yourself.

 

[Tim Smith]

you forgot to mention that if someone wants to cancel within the 2 year contract period one has to pay 50% of the remaining months in the contract.

Indeed. Well spotted.

I *think* they used to let you escape that clause if you could find someone to take over your subscription, don't know if that's still the case.

 

[Zzzz1]

Interesting product, never heard of Infront. Any other comparable second tier vendors you know of?

True. And I guess if money is a concern, I would look at the second-tier established vendors. For example, the Infront product is actually one of the nicer second-tier ones I've seen.

But whichever way, just stay away from the bottom feeders.

 

[Zzzz1]

It is not a professional platform but retail platform. They offer little else than quote sheets, charts, and a bit of scripting.

You may want to look at TradeStation. They came in first for professional trading platform and data feed in last months readers poll in the magazine 'Technical Analysis of Stocks and Commodities' Or better yet read all of the reviews yourself.

 

[Zzzz1]

That is true but only if the other individual is working within the same firm. That is how large sell side firms manage their BBG licenses: Their data teams often sit on, what they call "spare licenses" which are leftovers from those who left the firm or where let go. Those licenses can be freely assigned to new users within the firm. It is cheaper for the firm to way for a few months of non-usage and than assign it to a new user rather than cancelling the entire license.

Indeed. Well spotted.

I *think* they used to let you escape that clause if you could find someone to take over your subscription, don't know if that's still the case.