So a Bloomberg Terminal is $1,500 per month. Why?

[1a2b3cppp]

Quote from heech:

If you're a daytrader looking at price chart of a single instrument, very unlikely BB will be useful to you. BB is more about accessing fundamental information, statistical analysis, understanding/studying relationships between different instruments, getting quotes/prices on various derivative instruments (like the interest rate swap mentioned previously), etc, etc.

For my business, I find it invaluable.

oh i see. Yeah the only thing I trade are the indexes, SPY, QQQQ, and DIA (and their weighted counterparts) so it probably wouldn't be of much use to me huh.

Can I get Cliffs notes on what a credit swap rate is?

 

[Jackie Treehorn]

Value is relative... Useless to most, necessary to others...


Bloomberg knew that, charges, and people keep paying...


Whats the alternative..

 

[heech]

Quote from 1a2b3cppp:

oh i see. Yeah the only thing I trade are the indexes, SPY, QQQQ, and DIA (and their weighted counterparts) so it probably wouldn't be of much use to me huh.

Can I get Cliffs notes on what a credit swap rate is?

http://en.wikipedia.org/wiki/Interest_rate_swap

 

[virtualmoney]

Bloomberg anywhere ipad apps version gives relation managers a creditable image when presenting to high net worth clients , its like watching people nowadays using the most expensive & sophiscated smartphone just to ask/sms each what did they have for lunch, have they poo after that, and was it a smooth one

 

[ASusilovic]

Quote from Martinghoul:

Erm, it ain't about the keyboard...

 

[ASusilovic]

Bloomberg is all about ADHESION CONTRACTS. Ask MIchael Bloomberg. He is a professional risk free "money maker"!

 

[black diamond]

Quote from 1a2b3cppp:

oh i see. Yeah the only thing I trade are the indexes, SPY, QQQQ, and DIA (and their weighted counterparts) so it probably wouldn't be of much use to me huh.

Can I get Cliffs notes on what a credit swap rate is?

But people will think you're cool if you send bloomberg messages. And call them bloombergs.

 

[ElectricSavant]

When you look over the shoulder of the trader and see that text style and layout on his monitor...it is really kewl and he must know what he is doing...

ES

 

[luisHK]

Quote from turkeyneck:

Front run on earnings announcement by 2 hours

https://exchanges.nyx.com/allison-orourke/bloomberg-smarter-you

Any feedback on this ? If true even a couple of times a year, it's worth having even for the unsophisticated retail trader. Or how sophisticated has one to be to be able to find this info on bloomberg ? I could even imagine paying a low wage to a trainee or rather unskilled worker just to look for those info daily on bloomberg if it's not too much of a big deal.

 

[bearice]

Quote from 1a2b3cppp:

So a Bloomberg Terminal is $1,500 per month. Why?

$1500 per month = $18,000 per year. Think about it.