For those who dont want to blow $1,500 a month. Reuters?I'm mainly interest in real time market data for all kinds of obscure markets and realtime news
Both Factset and Capital IQ cost about the same as a Bloomberg Terminal. They also have a requirement of a certain number of accounts, as far as I know.
Its gonna be hard to find a program that handles everything Bloomberg terminal does for you. You may be able to find specific functions in Bloomberg online for free. For example I consider http://eqsift.com/ to be a good alternative to Bloomberg's EQS function.