Is a Bloomberg worth it?

how much does it cost for a single user?

o nm, seen someone say 3k a month. i duno if they sent service ladies in little mini skirts to service the 'terminal' it could be worth it.
 
Quote from flyingiguana:

how much does it cost for a single user?

o nm, seen someone say 3k a month. i duno if they sent service ladies in little mini skirts to service the 'terminal' it could be worth it.
More...

i believe bloomberg professional is 1600/month
 
Quote from flyingiguana:

how much does it cost for a single user?

o nm, seen someone say 3k a month. i duno if they sent service ladies in little mini skirts to service the 'terminal' it could be worth it.
More...
It's $1,500 or so. Real-time data is extra.
 
Quote from acerbits:

i believe bloomberg professional is 1600/month
More...

You have to tack on exchange fees and diff news feeds. ie, NYSE, NAZ, AMEX, options, DJ, etc.
 
Bloomberg is great for news provided you have a dedicated circuit. Not remotely worth it for running their canned analytics. $1,700 monthly w/o exchange fees.
 
Quote from aeliodon:

A Bloomberg is not expensive considering how many features it offers all on one platform. I assume thay have the best charts, best data tick for tick probably, the most historical data on nearly every single market, the fastest news, etc.

I wonder if backtesting on a Bloomberg is as easy as in TS? I also wonder if Bloomberg charts have weird features like Ensign's Equi-Volume Bars http://ensign.editme.com/equivolume (not that I use it or would use it, just wondering how advanced their charting and indicators are).

They don't list the platform features or pricing on their website: http://about.bloomberg.com/professional/index.html
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The charts are weak, their is no tick data, and you can't even change the intraday settings sayto a 27 minute chart. You get 5,10,15,30,60.

The charts IMO are weak. It's for hedge funds who have postition all over the world, or banks.

Unless your running alot of money and have a 24-7 staff you really don't need one, unless you just want it.
 
I want to see if I can trade off the news without getting a private circuit. I missed the aig news today and the cme news last week. How did you get this news?
 
It does a lot of things and does everything OK. What you are also paying for is a cartel pricing structure, server and leased line redundancy and a help desk that has a good attitude rather than an attitude problem. Business model is totally different from retail vendors e.g a few stable high value lcients rather than high turnover low value. Also corporate IT hate compulsory upgrades.

If you are doing size it pays for itself, if you are retail less likely to. Nice to have and viable to have may not be the same thing. I desperately miss some features but from a business standpoint I cannot justify the cost. Most retail would be appalled by the lack of customisation ability e.g If BBG even has Woodies CCI, you can't customise it to your favourite colours. They would also find it's DOS like style of operation maddening.

Try Metastock Quotecenter, it has an institutional heritage and is almost like getting BBG for $135/month.

As far as getting an easy edge from having BBG, you wold just get the same edge as the thousands of other traders who have it. Having that info and knowing how to use it would give you an edge over others who have it.
 
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