4 ms·
if it was possible to challenge Bloomberg, many wallstreet companies, banks, hedge funds would've done it already. the fact is they remain a moat. horrible ui b
by tomatowurst 5y ago
if it was possible to challenge Bloomberg, many wallstreet companies, banks, hedge funds would've done it already. the fact is they remain a moat. horrible ui but fast news reporters that the industry relies on. this is not something open source can fix (never was the issue), it is about hiring dozens of financial journalists who quickly deliver news
- qznc 5y agoMaybe they can be reduced to a news company? Remove the tool “terminal” essentially.
- asoneth 5y agoNote that the terminal typically shows news headlines and stories before they are posted to the public internet. As long as Bloomberg publishes their own articles that "move markets" there will be value in being able to see those articles before the rest of the world.
- RandomLensman 5y agoBBG is huge as a trading platform. Not sure these days news is a very relevant part. Certainly, in my trading days data and trading were far more important to me on BBG.