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For equities an Interactive brokers setup with a few hundred dollars for additional feeds replicates 90 percent of Bloomberg functionality at 2% of the annual e
by jshaqaw 6y ago
For equities an Interactive brokers setup with a few hundred dollars for additional feeds replicates 90 percent of Bloomberg functionality at 2% of the annual expense. For fixed income you are SOL without a Bloomberg. Among other things, good luck getting basic bond runs. And while you can build out tooling to do fixed income analytics on your own it is cumbersome and will require a lot of manual data gathering/input making it hard to rapidly compare securities.
- antb123 6y agoFor Equities I am not sure IB supports multiple prime brokers or has as good borrow and lend capabilities as the big brokers do. Also it doesn't have access to institutional algos offered by the big brokers. The big Prime desks support BB as well as Fidessa and other systems.