3 ms·
I think the idea that a bloomberg terminal is status symbol is not accurate. All it means is that I can save more than $25K in my trades per year by having it,
by appleiigs 6y ago
I think the idea that a bloomberg terminal is status symbol is not accurate. All it means is that I can save more than $25K in my trades per year by having it, which is a very small hurdle.
- dx034 6y agoI absolutely agree. I had a terminal for most of my career and while it's an amazing piece of software (Reuters offer doesn't come close despite them often having more extensive news and data) and it's super convenient for contacting brokers and banks, I never felt people without it were left out. Especially nowadays, it's not uncommon for brokers to only give traders Bloomberg and Analysts other software to save cost. Doesn't impede their status. Quite the opposite, we always used to say that we'd happily give away terminal access for $25k extra a year. The reason that never happened is because having Bloomberg Access is in the companies' interests, not just the employees' personal interest.