Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Courses
  • Home
  • Economics, Finance, & Analytics
  • Investments, Trading, and Financial Markets

Bloomberg Terminal - Explained

What is the Bloomberg Terminal?

Written by Jason Gordon

Updated at April 17th, 2022

Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • Professionalism & Career Development
  • Law, Transactions, & Risk Management
    Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
  • Business Management & Operations
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

Table of Contents

What is the Bloomberg Terminal?How Does the Bloomberg Terminal Work?Bloomberg Terminal CompetitorsAcademics Research on Bloomberg Terminal

What is the Bloomberg Terminal?

A Bloomberg terminal is a computer system through which investors can access real-time financial data, messages, news, and analytics that help them make profitable decisions in financial transactions. Bloomberg terminal offers access to professional service and the Bloomberg database with which investors and professionals can monitor real-time market data and adequately place their trades using the electronic platform. A Bloomberg terminal is also called a Bloomberg machine. Investors and professionals are charged a monthly fee before they gain access to the computerized system.

Back to:INVESTMENTS & TRADING

How Does the Bloomberg Terminal Work?

The Bloomberg data service is a reputable platform where investors and professionals who need real-time data, analytics, news feeds, and messages can have access to them. A Bloomberg terminal is a product offered by Bloomberg L.P. which is widely used in the financial marketplace, this terminal is popular for its black interface. Given that Bloomberg Terminal charges a high fee for investors to use it, individuals investors rarely use it, it is a typical product for institutional investors. Access to real-time market information is important for portfolio managers as this informs how they place trades in the financial market. The data, news, analytics and real-time data offered by the Bloomberg terminal can be accessed online or through the mobile devices of users.

Bloomberg Terminal Competitors

Aside from Bloomberg L.P, there are other companies that have product offerings similar to the Bloomberg terminal. The major competitor of Bloomberg L.P is Thomson Reuters whose product is named Reuters 3000 Xtra system. This system was however changed to the Eikon platform in 2010. Aside from these two companies, there has been an emergence of big data companies, analytics and machine learning platforms that made competition in the financial space tougher.

bloomberg terminal

Was this article helpful?

Yes
No

Related Articles

  • Fund of Funds - Explained
  • Pivot (Stock Price) - Explained
  • Penny Stock Reform Act - Explained
  • Zero-Cost Strategy - Explained



©2011-2021. The Business Professor, LLC.
  • Privacy

  • Questions

Definition by Author

0
0
Expand