| Notes |
Bloomberg Terminal
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
Bloomberg Terminal
Bloomberg Terminal at London City Airport
Bloomberg Terminal at London City Airport
Developer(s) Bloomberg L.P.
Operating system Microsoft Windows
Other systems (using Citrix Receiver)
Type Electronic trading
Financial software
License Proprietary
Website Official website
The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access the Bloomberg Professional service through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform.[1] It was developed by businessman Michael Bloomberg. The system also provides news, price quotes, and messaging across its proprietary secure network. It is well known among the financial community for its black interface, which is not optimized for user experience but has become a recognizable trait of the service.[2] The first version of the terminal was released in December 1982.
Most large financial firms have subscriptions to the Bloomberg Professional service. Many exchanges charge their own additional fees for access to real time price feeds across the terminal. The same applies to various news organizations.
All Bloomberg Terminals are leased in two-year cycles (in the late 1990s and early 2000s, three-year contracts were an option), with leases originally based on how many displays were connected to each terminal (this predated the move to Windows-based application). Most Bloomberg setups have between two and six displays. It is available for an annual fee of $20,000 per user ($25,080 per year for the small number of firms that use only one terminal).[3] As of October 2016, there were 325,000 Bloomberg Terminal subscribers worldwide.[4] |