September 8, am. December 20, am. December 5, am. July 20, am. June 6, am. July 11, am. June 14, pm. Khandu Gandu Sathe. June 3, am. October 12, am. September 1, pm. Steve Gray Booyens. August 26, pm. Elizabeth O. June 9, pm. Christoph Mues. September 28, am. September 10, am. August 23, pm. Leigh Eichel. September 6, pm. August 15, am.
View Replies 6. March 5, pm. Syed Babar Ali. November 27, am. November 25, pm. Please compare them from the perspective of sell-side equity research professionals. View Replies 3. June 8, am. Would-be Bloomberg Terminal killers have popped up over the years, but none have succeeded.
Terminal subscriptions have held relatively stead in recent years — they shrank slightly in in and have grown slightly in and , according to Burton-Taylor. But basically, the terminal is holding steady. Once the publication flagged it, it stopped. Our mission has never been more vital than it is in this moment: to empower through understanding.
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By choosing I Accept , you consent to our use of cookies and other tracking technologies. Reddit Pocket Flipboard Email. Michael Bloomberg became one of the richest men in the world in large part thanks to the Bloomberg terminal, which has become a Wall Street staple. Next Up In Explainers. Delivered Fridays. Leaders who are shaping the future of business in creative ways.
New workplaces, new food sources, new medicine--even an entirely new economic system. By definition, any computing platform invented in the first half of the s that has survived until —and is an enormous business—has accomplished something remarkable.
Unlike the PC or the Mac, the Terminal has always catered to a niche—investors and other finance professionals—which is why most people have never seen one in person.
The Bloomberg Terminal of today—which, speaking more precisely, is a service known as Bloomberg Professional—provides more than , subscribers with everything from an array of information on financial matters to a chat system to the ability to actually execute trades.
It processes 60 billion pieces of information from the market a day. Michael Bloomberg had been a general partner at investment bank Salomon Brothers, where he was forced into a job heading IT development and then pushed out of the company altogether. IMS called its product Market Master at first, and the 20 original units went into service at Merrill Lynch at the end of Technology companies had been working on bringing automation to the stock market for years, with gadgetry such as the Telequote III dating to the late s.
In the s, stock exchanges from New York to Tokyo were going electronic, a prerequisite for a truly sophisticated online service for traders. Big companies such as Dow Jones and Reuters were eager to take advantage of this revolution in financial information, too. You can also find detailed financial data such as an income statement, cash flow statement, and balance sheet.
Note: the financial data can sometimes be a bit dated, so you might want to double check the date listed next to the financial statements if seeing the most recent data is important to you. In addition to looking at descriptive information or financial fundamentals, Bloomberg can also be used to analyze a security's price history and trading patterns. For users interested in more advanced technical analysis, Bloomberg offers an advanced suite of charting capabilities. An example of a simple price and volume chart for Microsoft stock is displayed below.
Bloomberg also provides easy access to company updates. For instance, in addition to the top news stories discussed, Bloomberg also offers company-specific news. You can then click on any of those headlines in order to read the full story. More on analyzing specific asset classes is below. When searching for publicly traded equity shares, Bloomberg allows users to search by name, exchange, country, and other such topics. Additionally, the equity menu allows users to view historical pricing on a stock see image below , read a description of the business, view any outstanding corporate debt the company may have, and view analyst reports and estimates for the stock, along with dozens of other features.
Bloomberg also allows clients to compare and contrast equities side by side, offering a comparative analysis of any two equities. Comparison fields include fundamental analysis , historical ratios, and technical charting. In addition to comparative functionality, Bloomberg also includes screeners, allowing clients to screen for stocks using a multitude of metrics. After running a screen, users can also filter results and create custom equity sets, which allow for a quick reference of real-time results for a portfolio of equities very handy for traders , brokers and other such financial professionals.
Much like with equities, Bloomberg allows users to search for real-time data on fixed income securities. This includes corporate debt, municipal bonds , and government bonds. Similar to the historical price screen for equities, we are able to view historical day-over-day changes in security values, along with implied yield-to-maturities, for any given day.
Additionally, credit ratings and cost of capital information is available for fixed income securities. One of Bloomberg's best features is its derivatives capabilities. Not only can clients find real-time values for securities, such as exchange traded options, and futures contracts , such as the active contract for WTI, but Bloomberg also allows users to value hard-to-price derivatives.
For OTC options, for example, Bloomberg lets users customize their option valuation models , to come up with an estimated value. Once priced, users can view the values of the Greeks associated with the option in question, to verify that their price estimate is in line with those expectations.
SWAPS are a type of derivative used by large banks and institutional investors. It allows users to input the parameters of a swap agreement and come up with an estimate for the value of that swap, at any given date in time.
Additionally, clients can view underlying swap curves to determine that the underlying inputs match expected values. As the swap market continues to grow, the Swap Manager tool will no doubt gain more and more popularity with analysts.
Users can view real-time rates for dozens of currencies, along with basis curves for most pairs, and rate information for a given currency. Additionally, with Bloomberg's ability to capture real-time news and economic updates, its FX capabilities are a very powerful tool for those trading in the foreign exchange market. Because Bloomberg has such a robust suite of analytics and market capabilities, getting the system to do what you want it to can be a challenge, at least until you become familiar with it.
Fortunately, there are some tricks that can speed up your learning curve. Schedule a visit from a Bloomberg representative: Particularly if you have your own system, you should take advantage of a visit from a Bloomberg representative who can walk you through the system and show you how to use some of the functions that might be helpful for what you intend to do. Get Bloomberg "cheat sheets": Bloomberg puts out "cheat sheets" that list common functions and their Bloomberg tickers.
These sheets are broken down by assets class, so if you intend to analyze equities, get a sheet with the most common equity functions, if you like fixed income, get a fixed income guide, etc. These "cheat sheets" should give you a good starting point for navigating common Bloomberg functions. The seminars are broken down by region, so you might be interested in attending one in your area there is a fee for some of the seminars, but the majority are offered free to Bloomberg users.
Incorporate Excel into Bloomberg: Bloomberg connects rather seamlessly with Excel, so you can use spreadsheets to analyze data downloaded from Bloomberg. Even better, you can build a spreadsheet that automatically updates your data each time you open it, saving you the trouble of doing so by hand. Best of all, Bloomberg offers sample spreadsheets for common types of analysis i.
You can also further customize these generic spreadsheets that Bloomberg offers in order to fit your specific needs. This basic guide to Bloomberg has provided an introduction to one of the most practical tools participants in the financial markets can use.
Unfortunately, Bloomberg can be expensive, which means that having a home system may not be practical for many readers. On the positive side though, it is often possible to access a Bloomberg terminal through a public site such as a library or university. Because there are so many functions available in Bloomberg, this guide has been able to provide no more than a simple introduction to the system, along with an overview of some common tools that users might find useful.
Once you begin using Bloomberg, you will undoubtedly find a great many more tools that fit your particular investment and trading style. Readers interested in a more in-depth examination of Bloomberg may also want to keep an eye out for the Advanced Guide to Bloomberg on the Investopedia website. The Advanced Guide will provide more detailed instructions on how Bloomberg can be used to analyze, monitor, and trade some of the major asset classes, including stocks, bonds, currencies, and commodities.
Beyond that there are also several other tutorials available to those interested in learning more, including those offered directly from Bloomberg itself. Furthermore, many Colleges and Universities are offering Bloomberg courses, to help students gain early exposure to the most widely used tool for real-time financial data in the world of finance.
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