The all-in-One trading terminal for Stocks, possible Bloomberg Terminal alternative

ZBZB said:
How much do you pay for EIKON? I got quoted $1500 to get the move index on a premium terminal but they would not tell me how how much EIKON core costs.
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Unlike Bloom, Refinitiv is negotiable. I have stopped using them now but used to pay less than $1.5k
 
BoyPlunger323 said:
Do you think that Trading Terminal would be a possible KickStarter project? And could raise at least $250k?
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Your biggest hurdle - and it's likely to be a killer - is that the average retail stock trader is very tight-fisted and most attracted to free or very low cost platforms and data sources.

You'd need to develop something spectacularly different that offers a real edge.
 
Total nonsense,

Their help desk is absolutely fantastic, even the most experienced power users use it every single day. Reuters in contrast is a friggin horror show in that regards. Bloomberg employs hundreds of news editors and journalists around the world (I know Reuters does too) , their news service imho is the best and has taken over reuters a while ago (though there are niches where third party vendors shine, such as deal news and intelligence). Bbg news covers specific asset classes much better than reuters imho. Charts in Eikon are better but that is about it. Analytics and pricing is thousand times better than Eikon, their messenger beats everyone else. Not just the reach but also in terms of features. Trade execution and order management that can be fully integrated with the terminal license is way better than anything Reuters offers. Their APIs are WORLDS better. I speak from experience, I have a license and I know someone close to me who manages an entire region in a specific product and hence I get a pretty well rounded view of all the features other than just being a user.


tonyf said:
I say go for it. Bloom started loosing their grip in Europe. We ditched them for Reuters Eikon and have never turned back (Eikon messanger is open for all all and free, a still insignificant but growing threat to Blomm messaging). If you were to drill the Bloom Terminal down to 1 "Moat", it is the messenger - everything else is not worth it really.
So it makes sense for sell side - buysider have started shifting away already.

A heavily discounted self-service modular Bloom (where base is free for example, and you pay for add-ons like data, adv. charting, ECN, etc....) and plug to any broker you want is certainly welcomed.

Now IB (whom I love and work exclusively with) won't appreciate it as it commoditise order execution. IB is terrible in Europe (fees are sky high and near 0 access to large order books). A solution that allows you to pick and choose who you can execute with on a trade-by-trade basis is guaranteed to win.

I would beta test if offered....

Tony
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Because a Bloomberg adds power features for professionals such as auto quoting, channels (telegram does but whatsapp does not), auto quoting, and simply the fact that pretty much every professional uses bbg messenger.

helpme_please said:
As a retail investor, I am confused by the so-called monopoly power of Bloomberg messaging. At the risk of sounding stupid and ignorant, why can't Bloomberg users paying huge fees switch to free WhatsApp or Telegram for messaging?

By the way, how much does a Bloomberg terminal cost per month? I'm so low in Bloomberg's eyes that they will never answer my enquiry about price.
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GRULSTMRNN said:
Total nonsense,

Their help desk is absolutely fantastic, even the most experienced power users use it every single day. Reuters in contrast is a friggin horror show in that regards. Bloomberg employs hundreds of news editors and journalists around the world (I know Reuters does too) , their news service imho is the best and has taken over reuters a while ago (though there are niches where third party vendors shine, such as deal news and intelligence). Bbg news covers specific asset classes much better than reuters imho. Charts in Eikon are better but that is about it. Analytics and pricing is thousand times better than Eikon, their messenger beats everyone else. Not just the reach but also in terms of features. Trade execution and order management that can be fully integrated with the terminal license is way better than anything Reuters offers. Their APIs are WORLDS better. I speak from experience, I have a license and I know someone close to me who manages an entire region in a specific product and hence I get a pretty well rounded view of all the features other than just being a user.
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Another one suffering from a small dick syndrome....
 
Bloomberg developers are pretty much among the top developers world wide.the stuff they are working on in financial space is mind blowing and they just get it right, something that is required for shops that manage billions of dollars and have a fiduciary duty to fulfill. The license costs are a drop in the bucket for larger shops.

fan27 said:
I could not agree more. To the OP, you have no clue what is involved in building a commercial software product of this magnitude and your "MIT engineers" don't really exist or they are as clueless as you.
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True with caveats. Reuters is famous for tricking its clients. They lock them in with cheap contracts and once they integrate connectivity to company's databases and internal infrastructure they yank up prices that often work out to be higher than the products bbg offers.

tonyf said:
Unlike Bloom, Refinitiv is negotiable. I have stopped using them now but used to pay less than $1.5k
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