Monday, April 6, 2009

Bloomberg Terminal


Bloomberg terminal is software that gives real time information on stock, derivatives and financial news. It tracks more than 5 million financial instruments every day. It is a onetime shop for any capital market in the world. It also provides the user with a secure network to message across the world and a real time trading center. Furthermore, there is immediate help from Bloomberg operators. The terminal cost 1,800 per month to use, but it can go up quickly because many exchanges charge their own fees to trade. It is produces by Bloomberg L.P. which was funded by the New York mayor, Micheal Bloomberg. The customers of Bloomberg are mainly daily traders from big organization such as investment banks. There's 300,000 users around the world. Bloomberg software's rivals are Thomson Reuters which produce the popular Thomson One and other financial softwares such as value line. The typical terminal comes with 2 screens, a custom keyboard and a ultra performing PC. The terminal uses Windows as the operating system. The feature that really distinguish Bloomberg from its competitor it is its possibility to export its information to third party softwares such as Excel and Word in order to make your own calculation and build your own financial models. Further information can be found at http://en.wikipedia.org/wiki/Bloomberg_Terminal

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