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The main thing I use the Bloomberg terminal is economic data. While other services may have more data or better charting, Bloomberg’s offering is updated very q
by 1980phipsi 4y ago
The main thing I use the Bloomberg terminal is economic data. While other services may have more data or better charting, Bloomberg’s offering is updated very quickly, which is useful for trading. You can get both the headline number and then potentially a minute or two later a statistical summary to capture the most important info. I could easily convince my company to pay 20 dollars a month for someone to do this one part of Bloomberg as good as they do it.
The problem with using BBG for this is that I have a shared team Bloomberg and Bloomberg clamped down on using those remotely. If I could use it remotely, then I would just do that.
- hackernewds 4y agowhat other services exist? also I believe the comments disparaging this post seem to not even have tried it, and uncover themselves as astroturfers from Bloomberg
- anton_ai 4y agoCan I ask you what kind of economic data do you use? I use ECFC forecasts but for others data, labor market for example, I would go in the site that publish it, so BLS for US, ONS for UK, Eurostat for EU, or FRED that is a good aggregator of US data
- 1980phipsi 4y agoSorry for the delayed reply. I use ECO/ECFC in Bloomberg, along with various charts of economic data. I also use Factset, which has a lot of the same functionality. The difference is that when the report comes out, it is on Bloomberg essentially immediately, but that's not the case for Factset. If I have a call five minutes after the report comes out, I can use Bloomberg to get a quick snapshot of the data. If I go directly to the BLS website, I have to go through 4-5 tables to get the information I need. Bloomberg puts together statistical summaries of the most important info. Bloomberg also has consensus forecasts (so does Factset), which the sites that publish the info don't have.