Month: September 2020

Bloomberg, we’d note, has a massive news operation (which Business Insider competes with directly). And so this access was, well, pretty great, though it has been years since it was available. If you’re a trader or a big investor on Wall Street, you’re probably on IB. And asking folks to use other services potentially chokes off a line of an important line of business communication. Then there’s FactSet’s data, which costs around $12,000 a year and S&P’s Capital IQ offerings total $7,500. Bloomberg Terminals cost firms about $24,000 per year per seat while the fully-loaded Eikon system from Thomson Reuters costs around $22,000 annually, the bank says.

• Our experts will research about your product and list it on SaaSworthy for FREE.
• In fact, it can build an inbound business as a data provider rather than dealing with a data distributor like Bloomberg.
• At Bloomberg, our global expertise means we understand these challenges, and our powerful technology, data and networks give us the unmatched power to facilitate this change.
• Competitors are beginning to attract Bloomberg users away, chipping at the network effects that have kept it dominant for so long — anyone with a Bloomberg Terminal can be found in IB.

That’s where we come in — we provide what you do need, at a price that doesn’t break the bank. If you’re a bond trader at some bank and all the other bond traders are chatting on Bloomberg, you’re missing out. But they’re not going to chat with me even if I got myself a Bloomberg terminal.

Company

Bloomberg Terminal has had its competitors in past years, but by providing a unique value proposition has risen to become the gold standard for financial market news, data and trading tools. The famous black-screen terminal has become nearly synonymous with Wall Street. We’d be remiss if we didn’t bloomberg terminal cost in india mention our own financial data solution, Benzinga Pro. Starting at $99 a month, Benzinga Pro offers a real-time newsfeed as headlines break on activist stakes, earnings releases, conference call key points, charts, analyst ratings, rumors, the biggest movers and many more actionable alerts.

Symphony offers live chat, voice, and video conferencing all on one platform. It is truly becoming one of the safest and most popular platforms for financial professionals to connect and build communities. BloombergNEF (BNEF) provides primary research on clean energy, advanced transport, digital industry, innovative materials, and commodities. We leverage the world’s most sophisticated data sets to create clear perspectives that help corporate strategy, finance and policy professionals in India to navigate change and generate opportunities.

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Morgan and Bank of America were planning to cut up to 7,000 Bloomberg Terminals — the equivalent of about $168,000,000 a year. From quick commentary and short-term views to deep analysis and long-term forecasts, BloombergNEF research is powered by sophisticated datasets and models — and built by analysts and industry experts around the world. But this is really about contemplating a future in which most all of the rules that governed what it meant to be in or around financial services start changing. Back in 2013, reports surfaced that Bloomberg employees could access information about how any customer used their terminal.

We expect a large number of well-informed investors on our platform, so the conversation should be value-add for all. And as others point out, data provenance and data quality are a pre-requisite to anyone seriously considering anything alongside Bloomberg, let alone as a substitute. I have no experience in marketing so maybe average customers don’t worry about this. But, to me, it seems like a red flag as your spinning something average into something extraordinary. FWIW, I’m not sure how much the uptime during market hours will be critical other than for day traders. So, we cut out the stuff you don’t need, and focus intensely on providing the best possible information that you do need, at a price that’s accessible to everybody.

Capital IQ

Want to boost your qualifications but not sure which certificates to pursue? Check out these in-demand professional certifications to pick your path. Every year someone claims they’re launching a BBG killer with public SEC data, I can’t even. This is all very unscientific and not based on data, I’m just going off my experiences and those of others I know who are in a similar boat. We get a lot of data directly from the SEC and international regulators, which of course is very reliable.

And before committing, you can reach out to a product specialist for a demo of the platform or sign up for a free seven-day trial of the software to see if it’s the right fit for you. No matter the location, pricing transparency is crucial to attract investment and develop a robust capital market system. Bloomberg helps enhance capital market pricing transparency in India, giving equity and debt markets the strength and reliability they need to grow from an environment of opacity – into one of opportunity. The private equity markets are predicted to grow to $12.5 trillion by 2025, and for many investors it’s a far more alluring proposition.

Application programming interface

Please compare them from the perspective of sell-side equity research professionals. Marketmap (from SunGuard acquisition) is dated, clunky and frustrating to use). They don’t have nearly as many options, but idntou just care about pricing data it’s okay. @ibanker, depends if user is a client of those banks and is able to access real-time research. If nor, then embargoed (delayed) research can be purchased through Refinitiv or FactSet. Interesting overview, just a quick note on FactSet, FactSet does nowadays offer access to its applications through a (not locally installed) weblink and a mobile app.

The cost of a FactSet subscription is $12,000 per year for the full product. The largest competitor to the Bloomberg Terminal is Refinitiv with its Eikon offering, formerly owned by Thomson Reuters. Bloomberg and Thomson Reuters split the market with a share of 30% each in 2011.

This is where Bloomberg (the king), along with FactSet and Refinitiv Eikon, are better than Capital IQ. The kinds of roles where this really matters are on the buy side, in sales and trading, and in public equities and fixed income. All four attempt to offer a one-stop-shop platform that provides all types of financial data services (with a massive price tag, as you’ll see below). Most large financial firms have subscriptions to Bloomberg Professional Services. Many exchanges charge their own additional fees for access to real time price feeds across the terminal.

Bloomberg is famously averse to discounting, and only offers one level of subscription with access to all data. But it does charge a lower price—currently about $20,000 a year—for customers with two or more subscriptions, including large banks than can have hundreds of terminals. That price, however, increased proportionally with the single-terminal price over the past decade. Instead, investment bankers are far more likely to have their own dedicated FactSet or Capital IQ subscription. Its data sets are more comprehensive and are updated more quickly than any of its peers, making it especially useful for credit research analysts, fixed income sales and bond traders, and professionals in debt capital markets. While the Bloomberg terminal is used across the financial services world, it is used predominantly by portfolio managers, buy-side analysts, and sell-side finance professionals within the sales and trading, and asset management functions.