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Oh, here we go again. Yet another project that offers 0.0001% of the functionality of a Bloomberg Terminal(or one of it's genuine competitors) marketing itself

Oh, here we go again. Yet another project that offers 0.0001% of the functionality of a Bloomberg Terminal(or one of it's genuine competitors) marketing itself with a clear comparison. I wish people would stop doing this, it just makes them look stupid in the eyes of anyone that has actually used one.

deleted 4y ago
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axelbaws 4y ago
What are some of those features?
- prenoob 4y ago
  Most people who use terminals do it to trade fixed income products for one.
  - adeelk93 4y ago
    Exactly - and the challenge with that is the data is sometimes only available on BBG. So by not using BBG, you’re missing data, and are at a disadvantage. This is a data problem, not a software problem. The solution isn’t open source, it’s regulation. I’m an American, so I don’t know much about EU markets, but I’m under the impression they have more mandated transparency in fixed income via ESMA https://www.esma.europa.eu/issuer-disclosure/electronic-reporting https://www.esma.europa.eu/issuer-disclosure/electronic-repo... Will that happen? I don’t know. We still use CUSIPs over OpenFIGI, paying for all that S&P licensing, despite a great free alternative. Slow moving industry.
    - sexy_year 4y ago
      You are clearly missing the point of an open source investment research platform. OpenBB doesn't own any data. But by providing an open source infrastructure, any data can be hooked up into a single platform. So your argument about BBG isn't valid, because with what we are building there's no reason why OpenBB couldn't integrate with BBG data feeds (if they were open to it). Regardless, I agree that the Bbg comparison is more for marketing. Our approach is substantially different for a different market.
- boshalfoshal 4y ago
  Near instant news feeds, esoteric data, well formed financial information about companies (balance sheets, cash flow, etc). IM service with other users, live market data, the ability to trade through the platform, the list goes on. Terminals cost so much becuase the quality of the data and features that they have cost a lot. For starters, there are not many APIs out there that will give you live equity, fixed income, options prices, etc. for free.

deleted 4y ago

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axelbaws 4y ago

What are some of those features?

prenoob 4y ago
Most people who use terminals do it to trade fixed income products for one.
- adeelk93 4y ago
  Exactly - and the challenge with that is the data is sometimes only available on BBG. So by not using BBG, you’re missing data, and are at a disadvantage. This is a data problem, not a software problem. The solution isn’t open source, it’s regulation. I’m an American, so I don’t know much about EU markets, but I’m under the impression they have more mandated transparency in fixed income via ESMA https://www.esma.europa.eu/issuer-disclosure/electronic-reporting https://www.esma.europa.eu/issuer-disclosure/electronic-repo... Will that happen? I don’t know. We still use CUSIPs over OpenFIGI, paying for all that S&P licensing, despite a great free alternative. Slow moving industry.
  - sexy_year 4y ago
    You are clearly missing the point of an open source investment research platform. OpenBB doesn't own any data. But by providing an open source infrastructure, any data can be hooked up into a single platform. So your argument about BBG isn't valid, because with what we are building there's no reason why OpenBB couldn't integrate with BBG data feeds (if they were open to it). Regardless, I agree that the Bbg comparison is more for marketing. Our approach is substantially different for a different market.
boshalfoshal 4y ago
Near instant news feeds, esoteric data, well formed financial information about companies (balance sheets, cash flow, etc). IM service with other users, live market data, the ability to trade through the platform, the list goes on. Terminals cost so much becuase the quality of the data and features that they have cost a lot. For starters, there are not many APIs out there that will give you live equity, fixed income, options prices, etc. for free.