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As an ex-trader I always wonder what the right attack vector is, but I agree generally. BB is not standing still by any means. The flipside is, most of the mon
by kunle 13y ago
As an ex-trader I always wonder what the right attack vector is, but I agree generally. BB is not standing still by any means.
The flipside is, most of the money managed by firms is not handled over Bloomberg nor is Bloomberg the final point of analysis before trades are made. For example one group at my old firm (in fixed income) used a custom built set of tools on top of excel connected directly to their own bare metal sitting on the floors of all the exchanges where they traded contracts. They pulled in their own prices at their own frequency (which was much faster/accurate than available via Bloomberg). Same was true in our group - data came from the exchanges (though with not as custom/frequent a setup), and bloomberg was used as a quick and dirty way to look up historicals/trends, rather than anything live.
More recently I've thought the best attack vector is messaging. There isn't a Bloomberg messaging app on the appstore. Of all the use cases, this is the most irreplaceable - you can probably pay up for all the data flows (banks all pay exchanges directly for higher fidelity data flows than Bloomberg provides) but aggregating that 500k odd userbase of finance professionals? INSANELY HARD. If Bloomberg had an API though . . .
- apaprocki 13y agoBloomberg chat/msg is available on iOS, Android and BB devices and app stores. You just don't get it unless you're a subscriber. The entire terminal is available on iPads, even.