Sitting on the desks of 325,000 of the world’s most influential decision makers, the Bloomberg Terminal is a modern icon of financial markets. Launched in 1981, long before PCs and the internet became ubiquitous, the Bloomberg Terminal connected market participants to data, analytics and information-delivery service.
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FactSet Workstation
Score 8.4 out of 10
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The FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and technology. Integrating over 800 data sources across asset classes and markets, it consolidates crucial insights and elevates decision-making. Its AI-powered tools include smart search and chat features. The workstation simplifies complex workflows, enabling users to uncover insights quickly and improve collaboration. From research and portfolio…
FactSet has a more user friendly interface in my opinion. It's easier from a data management stand point as well. It's also quite a bit cheaper than a Bloomberg Terminal. Still, Bloomberg Terminal is much better for front office trading and portfolio management. And again, the …
While there are a lot of competitive services in the marketplace, each good in its own right, the Bloomberg Terminal is considered the top product. It has key fast information and can help individuals make fast decisions. It also has a top-tier support desk that can answer …
Product is magnitudes more affordable and provides 80% of the functionality that Bloomberg has and is working to build out the remaining. The workstation is more user friendly than bloomberg but still not perfect. Not as robust as a Bloomberg Terminal and doesn't have the …
PitchBook is better for private company data and getting contacts. It is also more useful for capital raises and data AlphaSense is great for more targeted searches which FactSet is very bad at. FactSet often makes it hard to do searches and then once you get to a specific …
Bloomberg does a much better job at alerts and proprietary news coverage. Charting is also much more intuitive with Bloomberg. It's also very easy to trade directly through Bloomberg instead of using an OMS. FactSet's pricing is more competitive than Bloomberg and FactSet is …
As mentioned, believe it is a much stronger offering that CapIQ. Bloomberg is a better tool for credit and the messaging features, but cost prohibitive. We found that for research tasks FactSet Workstation is more than a good enough option, although we do supplement with a …
Bloomberg has the most data / content but is too expensive, while Eikon has the least. FactSet Workstation and Capital IQ were comparable in price but FactSet Workstation had broader data coverage.
Well-suited as a monitoring tool for market prices, economic indicators, and news. Less appropriate for fundamental research and analysis. Other tools, such as AlphaSense and Visible Alpha, are better/more user-friendly for research usage or manipulation of financial statements, either because the platform itself is easier to use or because the Excel add-in function is simpler, less confusing.
FactSet works for all my IR needs. I do not see a function for which I use it for that it would be less appropriate. I believe that the tool's efforts towards becoming more integrated with AI are strong and that in time the Mercury offering will be just as competitive as some of the other AI offerings out there today such as AlphaSense
The user interface on stock monitor needs work - sometimes I wish to clone the same fields to another tab/watchlist and it appears the best way to do so is recreate it form scratch
transcript to be more timely and more accurate
on the consensus financial forecast tab, have more segment breakouts like Visible Alpha
We need the FactSet data and capabilities to complete 75% of the financial analyses that we complete for both internal and external purposes. It is invaluable and I am not aware of any other provider that would be able to fill this gap that FactSet does
It does everything I need. It is pretty user friendly and easy to work with whatever technology interface I am using (desk top, notebook, tablet, or mobile phone). I am able to get work done whether I am in the office, at home, or traveling. The user up time is very good. They are rarely doing maintenance when I need to use the platform
While there are a lot of competitive services in the marketplace, each good in its own right, the Bloomberg Terminal is considered the top product. It has key fast information and can help individuals make fast decisions. It also has a top-tier support desk that can answer questions for you and teach you functionality to apply to your role
Product is magnitudes more affordable and provides 80% of the functionality that Bloomberg has and is working to build out the remaining. The workstation is more user friendly than bloomberg but still not perfect. Not as robust as a Bloomberg Terminal and doesn't have the chat/trading features.