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The real reason to have bloomberg, other than data, is actually the chat. OTC (things that don't trade on exchanges) markets are a lot closer to ebay or facebo
by mhh__ 2y ago
The real reason to have bloomberg, other than data, is actually the chat.
OTC (things that don't trade on exchanges) markets are a lot closer to ebay or facebook marketplace than many realise, for example, e.g. you ask for a price, possibly haggle a bit, say you want it, behind-the-scenes people scurry off and actually make it happen.
When you first activate your terminal bloomberg send you an email congratulating you on joining "the exclusive club" (this is exaggerated, they want you to feel special, but there's truth to it).
As well as all that bloomberg is technically also still (iirc) one of the largest private computer networks.
> That must be a fun project to work on
Unfortunately possibly quite the opposite for many, although no first-hand experience.
- solardev 2y ago> The real reason to have bloomberg, other than data, is actually the chat. Wait, so inside Bloomberg there's like a huge IRC/Discord chat room for all the world's finance people? How does anyone keep up with that kind of volume? I can't even stay on top of my own company's Slack.
- mhh__ 2y agoNo it's more like whatsapp i.e. DM and group chats.
- ChrisMarshallNY 2y agoI'll lay odds the core language is FORTRAN or COBOL.
- fourthark 2y agoFamously huge FORTRAN code base going back to the 80's, although they were wrapping it in C++ and Javascript when I worked there in the aughts.