Bloomberg Terminal

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Old May 20, 2009, 11:23am   #1
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Bloomberg Terminal

OK Got a costing for the Bloomberg terminal.

Unfortunately after watching the market and Bloomberg for extended periods it looks as if Bloomberg have the power to move markets..........so I trust it is a worthwhile investment.

Anyway Costings are 1900 USD per month - no problems there cheaper than the trading arcade.

Its bloomberg anywhere that you can use on the iphone or blackberry........I think I will need to get one of those cool iphones now.

But the problem is 2 year contract.

Firstly anyone else have this ?

Is there any way out of the 2 year contract should things go pear shaped ?

The guy talked about some kind of bankruptcy clause..but seems a bit extreme to get out of a contract ?

Anyone have a contract that they don't need anymore with a few months to run and want to transfer to me ?
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Old May 20, 2009, 11:30am   #2
 
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Quote:
Originally Posted by ukdaytrader View Post
Unfortunately after watching the market and Bloomberg for extended periods it looks as if Bloomberg have the power to move markets..........so I trust it is a worthwhile investment.
Bloomberg is just a data provider. OK one of the better ones, but it doesn't move markets.

It may helps your trading slightly but will it make you an extra $25k a year (just to breakeven on the costs?)?

What do you exactly want it for?
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Old May 20, 2009, 11:34am   #3
 
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Mate aren't you trading an 80 account or something? Bloomberg is entirely unnecessary, and certainly not worth the cost; the interface is horrendous, the data you need is available elsewhere for free and 90% of its value comes from its instant messaging service.
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Old May 20, 2009, 11:56am   #4
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ukdaytrader started this thread Getting news data is becoming virtually impossible. 80 account... I'm thinking of upping it to 85.00 hence the terminal ! That profit pays for the terminal.

Of course it moves markets - If you just follow the tip of the day on Bloomberg you make money.........There are hundrends of drones that place trades on information they get on Bloomberg TV news.......They don't just report the facts they make the news.
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Old May 20, 2009, 12:01pm   #5
 
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Originally Posted by ukdaytrader View Post
Getting news data is becoming virtually impossible. 80 account... I'm thinking of upping it to 85.00 hence the terminal ! That profit pays for the terminal.

Of course it moves markets - If you just follow the tip of the day on Bloomberg you make money.........There are hundrends of drones that place trades on information they get on Bloomberg TV news.......They don't just report the facts they make the news.
No one with any decent marke experience or would follow bloomberg "tip of the day"

Most of the people on there haven't got a clue.

Also get bloomberg TV on sky then for about 10 a month or something.

what news do you want from the actual bloomie terminal?
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Old May 20, 2009, 12:11pm   #6
 
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I might look to fade the 'tip of the day'....
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Old May 20, 2009, 12:13pm   #7
 
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Do you like to wear braces with big dollar signs on them while you're trading? You seem like the sort.
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