Knowledge may be power, but it isn’t free - or even cheap.īloomberg subscribers can pay $20,000 to $25,000 per seat per year for fast access to information and the tools available with the proprietary trading platform.

The proprietary system also gives access to breaking news and provides messaging capability to keep the team in constant communication to strategize or to move quickly when data changes or news breaks. Users can place trades and monitor real-time financial market data. The Bloomberg Terminal, also called Bloomberg Professional Services, is a software system designed specifically for trading desks and financial markets. Bloomberg Terminal reached traders’ desktops during the same era, bringing an instant wealth of knowledge and financial data that would be impossible to assemble quickly with other tools of the time. The early 1980s brought us many of the tools we use for investing.

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Is a bloomberg terminal worth it