HowardCohodas
Experienced member
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Given that you are new to trading, why are you interested in this particular platform?
HowardCohodas
Experienced member
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I am unable to help you.
scose-no-doubt
Veteren member
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Why not start of on the bloomberg site instead of t2w?
Martinghoul
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You need to pay for BBG and you get, o marvel of marvels, the whole FX trading platform for free...
Bbg, eikon.... All those premium platforms are not simply available though an online application that allows credit cards. These firms require you to contact them directly. You will need to know exactly what you need and be careful the person on the line is a sales person that will try offer you extra. Typically they only interested in number of seats and steer clear of individuals although as I already said they will try flog you more than what you need. You are looking at a monthly payment of between 1000 and upward (data specific)
GammaJammer
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It's actually not really anything to do with that actually. Bloomberg will more than happily take your money for a terminal every month. It's their business model. But the FX trading part is basically for banks and financial institutions as it's run on bilateral credit.
But the earlier question is a good one - why do you (or this trader you work for) see the need to use Bloomberg. What specifically about that channel (and it is only a delivery channel after all) makes it attractive? Have you compared it to similar liquidity delivery options? Do you even know what these are?
How about you start from the beginning and tell us, without revealing the names if it makes you happy, what sized trades, what sort of account, what you're aiming to to, are you manual / API / high freq etc...
I think you will find this a useful exercise for yourself. You may also get better answers here that way.
GJ
But the earlier question is a good one - why do you (or this trader you work for) see the need to use Bloomberg. What specifically about that channel (and it is only a delivery channel after all) makes it attractive? Have you compared it to similar liquidity delivery options? Do you even know what these are?
How about you start from the beginning and tell us, without revealing the names if it makes you happy, what sized trades, what sort of account, what you're aiming to to, are you manual / API / high freq etc...
I think you will find this a useful exercise for yourself. You may also get better answers here that way.
GJ
JonathanPaul
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Forker - You may want to revisit your statement as Bloomberg is now the far superior terminal for FX traders.
Look Jonathan it is clear you are biased as your pay check comes from Bloomberg. While there are elements of Your platform that are good, it's nothing Eikon can't deliver today. They threw a billion dollars into the product. Where is Bloomberg's update with technology? The terminal is still the same. One could even argue that you guys have gotten complacent in your view of your Market share...
JonathanPaul
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Hi Forker.
I really apprecaite your feedback, yes my pay check does obviously come from Bloomberg, and I may be slightly bias towards the system, however yout view is slightly scwed.
Reuters developed Eikon to try and compete with the Bloomberg terminal, they threw a huge amount of money at it and it has been proven to be a complete waste of money, as I can honestly say we have never had a removal of a Bloomberg terminal due to an Eikon displacement.
In regards to Bloombergs update in technology, when was the last time you actually saw Bloomberg? Bloomberg gets updated every single day with new functions, updated skinning of functions and so on. Have you not seen the Launchpad adverts on BBG TV?
Bloomberg has also recently hit 300,000 installed terminals, this is the largest we have ever been.
On the FX side, if I could draw your attention to www.fxweek.com some of the FX players on here will know this as one of the leading magazines in the FX world.
For the last 2 years, readers of FX week have now awarded Bloomberg No1 for FX market data and dealing technology. Knocking Reuters off the top spot.
2 years ago we didnt even have an FX platform, now we have a 11% market share of the front office FX dealing terminals.
So in 2 years we have taken a huge piece out of Reuters, Currenex, 360T and other similar platforms.
What you also have to apprecaite is that Bloomberg is a multi asset class platform, it was the first fixed income platform ever, it now combines, equity, fx, corporate and govi markets, fx and commodities all in one platform.
It also now has the best charting package on the market included, with every possible technical indicator available, also combining market making news, which is proven to be quicker the reuters now when breaking news to the market. And dont forget the largest Analytics package, Risk, portfolio building package and a commuication package including BBG IB and MSG.
Forker, I would really like to meet with you, just to give you an update on the system and show you what you can use it for.
If you like it I would also be willing to set you up with a trial for a month or two, and I am pretty sure that you would not need your Eikon or your Esignal. In the other posts you mentioned that your a little hacked off with your Eikon, and its charting isnt that great, let me show you something that is much better and more cost effective for you.
I would like to take the opportunity to meet with you, please do give me a call to discuss or drop me an email on [email protected]
We do buy out people from their Eikon contracts so could save you a few pounds.
I really apprecaite your feedback, yes my pay check does obviously come from Bloomberg, and I may be slightly bias towards the system, however yout view is slightly scwed.
Reuters developed Eikon to try and compete with the Bloomberg terminal, they threw a huge amount of money at it and it has been proven to be a complete waste of money, as I can honestly say we have never had a removal of a Bloomberg terminal due to an Eikon displacement.
In regards to Bloombergs update in technology, when was the last time you actually saw Bloomberg? Bloomberg gets updated every single day with new functions, updated skinning of functions and so on. Have you not seen the Launchpad adverts on BBG TV?
Bloomberg has also recently hit 300,000 installed terminals, this is the largest we have ever been.
On the FX side, if I could draw your attention to www.fxweek.com some of the FX players on here will know this as one of the leading magazines in the FX world.
For the last 2 years, readers of FX week have now awarded Bloomberg No1 for FX market data and dealing technology. Knocking Reuters off the top spot.
2 years ago we didnt even have an FX platform, now we have a 11% market share of the front office FX dealing terminals.
So in 2 years we have taken a huge piece out of Reuters, Currenex, 360T and other similar platforms.
What you also have to apprecaite is that Bloomberg is a multi asset class platform, it was the first fixed income platform ever, it now combines, equity, fx, corporate and govi markets, fx and commodities all in one platform.
It also now has the best charting package on the market included, with every possible technical indicator available, also combining market making news, which is proven to be quicker the reuters now when breaking news to the market. And dont forget the largest Analytics package, Risk, portfolio building package and a commuication package including BBG IB and MSG.
Forker, I would really like to meet with you, just to give you an update on the system and show you what you can use it for.
If you like it I would also be willing to set you up with a trial for a month or two, and I am pretty sure that you would not need your Eikon or your Esignal. In the other posts you mentioned that your a little hacked off with your Eikon, and its charting isnt that great, let me show you something that is much better and more cost effective for you.
I would like to take the opportunity to meet with you, please do give me a call to discuss or drop me an email on [email protected]
We do buy out people from their Eikon contracts so could save you a few pounds.