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> Bloomberg is the king, and if you don't have money you use Reuters That is true for now. But chat is trivially implemented and the monopoly only holds due to
by MagnumOpus 10y ago
> Bloomberg is the king, and if you don't have money you use Reuters
That is true for now. But chat is trivially implemented and the monopoly only holds due to network effects. And in the last few years Bloomberg have been so arrogant with all of their clients that there is critical momentum now to migrate away the chats and have everyone bar the actual traders share terminals.
(In unrelated news, Bloomberg's recent antics pissed our firm's senior guys off enough that made a few hundred Bbg terminal users migrate to Eikon, just to send a message...)