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> And then they have an approved chat function Curious, who do you chat with? Is it an intra-company chat? Or wider than that?
by raverbashing 5y ago
> And then they have an approved chat function
Curious, who do you chat with? Is it an intra-company chat? Or wider than that?
- tiagod 5y agoIt's instant chat between every terminal subscriber. It's very popular.
- pid-1 5y agoLet's say I want to trade a large amount of $TICKER. Sometimes, just sending a buy order is not ideal as it might drive prices up. So you start calling brookers and hope they help you by finding other folks who want to sell large amounts of $TICKER. They also might spread orders over a larger time frame. That's just an example, but overall the chat is used to negotiate assets. Buying and selling stuff is often a very manually coordinated process.
- pards 5y agoThe chat feature is hugely important for traders. I've seen traders use it to iron out the details of OTC deals prior to booking the trade. It was used so heavily for this purpose that I know one bank even used the data as part of their MiFID II regulatory reporting.
- asoneth 5y agoAs others have mentioned, the chat client (Instant Bloomberg, or IB) is used for a significant amount of financial trading and information exchange. It went down for a couple hours at one point which had ramifications on financial markets. https://www.businessinsider.com/the-bloomberg-feature-every-trader-felt-lost-without-2015-4 https://www.businessinsider.com/the-bloomberg-feature-every-...
- thawaya3113 5y agoIt’s kind of funny, but IB (the chat function) was basically slack 2 decades before slack ever existed. It’s a chat function that can connect any Bloomberg terminal user, and you can also run “bots” on.