Interesting take on it. I personally like paying 250 a month to have them as an analyst then the 2000 a month for blmbrg.....I also like the fact that they have insight into what different banks are looking at - rumors, option flow, etc. And as for me, I usually am too occupied to have to scroll blmbrg for news AFTER the fact. Its much easier to have someone scanning news, making calls to bank desks, and watching for everything else for me while giving it to me in real time. For the small amount of money it costs, I can focus on opportunities and not on why something is happening (which would usually be after the opportunity is missed or after Ive been ironed).
I know alot of guys that were employing analysts that have now switched to using the service. AGAIN, why pay someone $75,000 when you have a team of analysts working for you for $250/mo.
For 250 a month if I can get even one thing from them that either I capitalize on, or that saves me money, then why wouldnt I want them??????? Any trader that can sack up 250 for the service should probably be looking for work elsewhere.
Just my opinion on it............
Best of luck to all.