The terminal is the 'last-mile' endpoint in a centralized system that delivers real-time data to subscribers with low latency and actually allows them to take a

The terminal is the 'last-mile' endpoint in a centralized system that delivers real-time data to subscribers with low latency and actually allows them to take action on data. Low latency is what sets it apart from closest competitors such as Reuters. The ability to trade is perhaps no so important these days given the advent of algo trading/stat arb, but it serves to emphasize the point that there is more to the terminal than just viewing the data.