4 ms·

I used to work in a large investment firm with billions in assets. We used Bloomberg API and Bloomberg terminals. It's near impossible to get rid of Bloomberg m

I used to work in a large investment firm with billions in assets. We used Bloomberg API and Bloomberg terminals. It's near impossible to get rid of Bloomberg monopoly in this sector. It's not just data, it's access to data and chat early before something happens to the market. I remember there was a fire in California and before anyone (including major news networks) know who caused the fire they (Bloomberg chat) knew California energy company caused the fire. The companies that pay for Bloomberg terminals are making billions, paying $20k for one Bloomberg terminals is nothing for them.

weird-eye-issue 4y ago
This isn't for those companies.
- infinite8s 4y ago
  Who is it for then? The people who will lose money to those companies?
  - panarky 4y ago
    Looks more like Yahoo Finance than Bloomberg Terminal. Maybe this is for people who hate all the ads and pop-ups at Yahoo.
mistrial9 4y ago
> knew California energy company caused the fire ok - but please be aware that determination of cause and origin of a major fire is similar to aircraft safety, rail safety or other .. actual liability is not obvious, and not a legal fact until it is written. second, there have been instances of corruption. The liabilities are very large. Bloomberg data might repeat market rumors?
- weird-eye-issue 4y ago
  Legal fact doesn't matter one bit AT ALL to knee jerk reactions in the market. Obviously the people were trying to find out which company presumably caused the fire so they could short their stock. They might only short it for minutes or hours but getting in to that trade early is critical.
RosanaAnaDana 4y ago
r/wsb is effectively the same thing from the chat side. if you don't mind the rocket and eggplant emojis.
- throwup 4y ago
  WSB has been pretty useless since GameStop happened (imho). It's just memes these days, no real trading talk. I'm sure the actual traders all packed up and moved somewhere, but wherever it is, I sure wasn't invited.
  - ShivShankaran 4y ago
    Became worse for the bbby rug pull. Most people who make money just browse for lulz, rest of them are loss porns
  - smcn 4y ago
    WSB et al are all still valuable places to discover stocks. It's just that you need to be on there 24/7 to get anything useful. I run an algorithm that does pretty advanced pattern recognition on internet discussion to find stocks as they're about to increase in price. And it works. Well. History is here: https://feetr.io/ https://feetr.io/
    - rmah 4y ago
      WSB literally lost to a goldfish https://www.youtube.com/watch?v=USKD3vPD6ZA&t=13s https://www.youtube.com/watch?v=USKD3vPD6ZA&t=13s
      - smcn 4y ago
        Long term, for sure it's not fantastic, but short term it can be great. Of course it's not as simple as just buying the most mentioned stock.
    - clark-kent 4y ago
      You might find this interesting, I run a leaderboard of the highest-ranked US stocks based on their fundamentals and profitability for the last 10 years. Its here https://decodeinvesting.com/leaderboard https://decodeinvesting.com/leaderboard
deleted 4y ago
[deleted]
pid-1 4y ago
Also many investment firms get BB for "free" using soft dollars -if you spend more than X with broker Z, they will pay your terminal. Also their APIs suck hairy balls, IMO that's the space in which disruption is more likely to happen.
- shaburn 4y ago
  This incorrect. The supply(data) and demand(distribution channel) are so entrenched the customers and end users will mostly laugh at you for even offering. You want competitors to laugh, not customers.

weird-eye-issue 4y ago

This isn't for those companies.

infinite8s 4y ago
Who is it for then? The people who will lose money to those companies?
- panarky 4y ago
  Looks more like Yahoo Finance than Bloomberg Terminal. Maybe this is for people who hate all the ads and pop-ups at Yahoo.

mistrial9 4y ago

> knew California energy company caused the fire ok - but please be aware that determination of cause and origin of a major fire is similar to aircraft safety, rail safety or other .. actual liability is not obvious, and not a legal fact until it is written. second, there have been instances of corruption. The liabilities are very large. Bloomberg data might repeat market rumors?

weird-eye-issue 4y ago
Legal fact doesn't matter one bit AT ALL to knee jerk reactions in the market. Obviously the people were trying to find out which company presumably caused the fire so they could short their stock. They might only short it for minutes or hours but getting in to that trade early is critical.

RosanaAnaDana 4y ago

r/wsb is effectively the same thing from the chat side. if you don't mind the rocket and eggplant emojis.

throwup 4y ago
WSB has been pretty useless since GameStop happened (imho). It's just memes these days, no real trading talk. I'm sure the actual traders all packed up and moved somewhere, but wherever it is, I sure wasn't invited.
- ShivShankaran 4y ago
  Became worse for the bbby rug pull. Most people who make money just browse for lulz, rest of them are loss porns
- smcn 4y ago
  WSB et al are all still valuable places to discover stocks. It's just that you need to be on there 24/7 to get anything useful. I run an algorithm that does pretty advanced pattern recognition on internet discussion to find stocks as they're about to increase in price. And it works. Well. History is here: https://feetr.io/ https://feetr.io/
  - rmah 4y ago
    WSB literally lost to a goldfish https://www.youtube.com/watch?v=USKD3vPD6ZA&t=13s https://www.youtube.com/watch?v=USKD3vPD6ZA&t=13s
    - smcn 4y ago
      Long term, for sure it's not fantastic, but short term it can be great. Of course it's not as simple as just buying the most mentioned stock.
  - clark-kent 4y ago
    You might find this interesting, I run a leaderboard of the highest-ranked US stocks based on their fundamentals and profitability for the last 10 years. Its here https://decodeinvesting.com/leaderboard https://decodeinvesting.com/leaderboard

deleted 4y ago

[deleted]

pid-1 4y ago

Also many investment firms get BB for "free" using soft dollars -if you spend more than X with broker Z, they will pay your terminal. Also their APIs suck hairy balls, IMO that's the space in which disruption is more likely to happen.

shaburn 4y ago
This incorrect. The supply(data) and demand(distribution channel) are so entrenched the customers and end users will mostly laugh at you for even offering. You want competitors to laugh, not customers.