Bloomberg Terminal

[ukdaytrader]

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 ?

 

[foredog]

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?

 

[Skill Leverage]

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.

 

[ukdaytrader]

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.

 

[foredog]

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?

 

[Rossini]

I might look to fade the 'tip of the day'....

 

[Skill Leverage]

Do you like to wear braces with big dollar signs on them while you're trading? You seem like the sort.

 

[ukdaytrader]

I need mainly economic news + company results data.

I dont agree with your point on the tip of the day at all. It was bloomberg that caused the share drop in the FTSE and S&P index to fall last week . It collapses and then its back to normal.

I think even if you dont trade using Bloomberg, what they say on there has a huge impact on the markets.

I've made huge amounts using the news on there. You only need to hear about the stress tests earlier. Check the Citibank trade. This was put on after they announced that the max capital injection was for Bank of America therefore Citi was less impacted.

I've also made a bit on FX which I dont normally trade using tips from Bloomberg.

Obviously this is not my entire strategy but it enhances my returns.

 

[GammaJammer]

Clearly there's no telling you - you're determined to hand over some money to Bloomberg without heeding any of the advice you've been given.

God - why can't all customers be like you? snofair.....

 

[ukdaytrader]

Its either them or Reuters, they seem to have a duopoly on finance news.

 

[Skill Leverage]

Or Yahoo Finance.

 

[GammaJammer]

lol

 

[GammaJammer]

I find the City page of the current bun pretty decent.....

 

[ukdaytrader]

See the returns on the £80..........once my strategy has run for a few more months I will be pumping more money into the account and upping the stakes 5 fold. Hence the need for a professional data feed and news.

Tip of the day today - Buy Bovis Homes, Sell Berkley Group Holdings - wait for 2 weeks. Make sure market value exposures are the same.

 

[foredog]

Does your broker not provide you with a news feed?

If not

CNBC and Bloomberg TV usually are counting down to the economic news and reveal it as it's announced, probably free on SKY may even be able to watch live on net, much better than $2k a month

 

[foredog]

WOW they've really moved on that, BVS.l +0.4% BKG.l -0.05%

And if you're talking about stock trading their tips.

I was a UK market maker for 8 years and we hardly eve had Bloomberg TV on, that's how much notice we took of it.

Something to think about....

 

[GammaJammer]

I need mainly economic news + company results data.

I dont agree with your point on the tip of the day at all. It was bloomberg that caused the share drop in the FTSE and S&P index to fall last week . It collapses and then its back to normal. .

Funny - that's not what all the equities traders at my firm were saying. Still, they could all be wrong I suppose......

 

[Skill Leverage]

Mate, on an £80 account you need returns of 1532% per month just to cover the cost of the terminal, never mind being able to 'up the stakes 5 fold'... get a grip on reality - Bloomberg Terminals are for institutional traders and very large/egotistical locals, not for guys SBing an £80 account.

 

[Rossini]

It must be a wind up??

 

[ukdaytrader]

Skills mate - a £80 margin would not cover the trades I made on the 6th, it wouldn't have even covered the commission.........was it you that said these maths wasn't needed for trading ?