Current Bloomberg Pro user, same exact sentiment. Bloomberg just happens to have a preposterous number of barriers of entry for any aspiring competitor: 1) Lic

Current Bloomberg Pro user, same exact sentiment. Bloomberg just happens to have a preposterous number of barriers of entry for any aspiring competitor: 1) Licensing - historical data and metadata (need the day counting convention for random bond in a random country 20 years ago?) is heavily encumbered with licensing contracts. You're not allowed to take data off the terminal, for example. 2) Exclusive data access for things like macro sentiment numbers - for example banks and research companies submit their estimates for things like non-farm payrolls (earlier today) 3) Network effect for IB - huge amount of OTC trading is done via bloomberg group chats 4) Enormous library of pricing models and random practitioner-time-savers * along with the licensed historical data to be able to use them out of the box. * eg what's the cheapest the deliver for a random futures contract you're looking at The GIP GP and whatever other price plot function that the OpenBB project is emulating are barely worth mentioning in this context.