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Is a Bloomberg Terminal a necessity?
This is a discussion on Is a Bloomberg Terminal a necessity? within the Intraday Data forums, part of the Data Feeds category; I trade UK/US/European equities from a day/short term perspective. I currently use Proquote International with DJ Newswires and AFX as ...
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Sep 28, 2006, 9:51am
| #1 |
| Newbie Join Date: May 2005 Location: Welwyn Posts: 2
| Is a Bloomberg Terminal a necessity?
I trade UK/US/European equities from a day/short term perspective. I currently use Proquote International with DJ Newswires and AFX as well as The fly on the wall, for news,data etc.Am I missing a trick by not using Bloomberg,especially for it`s news and analysis?Is Bloomberg simply faster at relaying information?Does anyone use instant messaging and find it useful?I guess what I'm asking is does Bloomberg add enough value to justify the extra cost.Thanks |
 
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Oct 6, 2006, 10:18pm
| #2 |
| Veteran Member  Join Date: Oct 2002 Posts: 625
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no matter how fast the information comes to you many will already have the info before you.if you trade the news then research which is best for you the institutions will always have an edge over you no matter what you do. from what i have been told bloomberg is very good but its also very expensive maybe see if you could have a trial and make you own choice
__________________ andycan The real mystery of life is not a problem to be solved, it is a reality to be experienced |
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Oct 9, 2006, 5:47am
| #3 |
| Legendary Member  Join Date: Jan 2004 Location: London Posts: 2,481
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wells - No.
__________________ "I refuse to tiptoe quietly through life only to arrive safely at death" |
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Oct 9, 2006, 5:55am
| #4 |
| Senior Member Join Date: May 2004 Location: uk Posts: 193
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I don't think there is a yes or no answer - it depends on your trading style and strategy. I have market news, bloomberg and reuters. I would feel naked without any of them. |
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Oct 9, 2006, 6:00am
| #5 |
| Veteran Member Join Date: Oct 2002 Posts: 625
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equaly i dont trade the news so would not need all that
__________________ andycan The real mystery of life is not a problem to be solved, it is a reality to be experienced |
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Oct 9, 2006, 11:50am
| #6 | |
| Legendary Member Join Date: Jan 2004 Location: London Posts: 2,481
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__________________ "I refuse to tiptoe quietly through life only to arrive safely at death" | |
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Oct 9, 2006, 3:58pm
| #7 |
| Veteran Member Join Date: Jun 2005 Location: UK Posts: 870
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most people i know who use bloomberg use it for the instant messaging. thats probably its best feature (not including the free spotty 20 year old sales rep who thinks he knows more than you do - well in my case he probably does  )
__________________ hope is not a strategy |
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Dec 15, 2006, 6:26am
| #8 | |
| Member Join Date: Jan 2006 Posts: 55
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