TrustRadius: an HG Insights company

Bloomberg Terminal

Score8.4 out of 10

58 Reviews and Ratings

Get a Demo

What is Bloomberg Terminal?

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.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features Bloomberg Terminal has to offer, as determined by TrustRadius' reviewers.
Based on 58 ratings of Bloomberg Terminal's features
View all features

Top Performing Features

  • Macroeconomic News

    The quality and completeness of news and information about current macroeconomic events and trends

    Category average: 7.9

  • Industry-Specific Information

    The quality and completeness of industry-specific information, e.g., the progress or success of clinical trials in the pharmaceutical industry

    Category average: 8

  • Credit Ratings Reports

    The quality and completeness of information on corporate credit ratings

    Category average: 6.5

Areas for Improvement

  • ESG Data

    The quality and completeness of data on Environmental, Social, and Governance practices

    Category average: 6.4

  • M&A Analysis

    The quality and completeness of mergers and acquisitions filings, news, rumors, etc.

    Category average: 7.5

  • Private Company Data

    The ability to access fundamentals, earnings, or other information for companies that are not publicly listed

    Category average: 6.2

Reviews

What users are saying about Bloomberg Terminal.
View all reviews

Bloomberg Review.

Incentivized
Joao Dibo
Financial Analyst in Finance and Accounting at Perbak Capital Partners (11-50 employees employees)

Use Cases and Deployment Scope

We use the Bloomberg terminal to check market prices, news, and economic data. We also use the Excel function from Bloomberg for most of our spreadsheets, including fundamental-related data for public companies and economic data. The product addresses the market information and availability of financial and accounting indicators problems in a timely manner.

Pros

  • Check companies' multiples (NTM P/E or NTM EV/EBITDA) in an easy way by using the GF function.
  • Provide a quick overview of economic indicators with the ECTS function.
  • Provide a comprehensive view of shareholders for companies with the HDS function.

Cons

  • Companies' expectations (MODL function) have lots of room for improvement. It doesn't allow for use in valuation (GF function) and doesn't have a good enough historical data compared to competitors such as Visible Alpha.
  • The BQL function is very confusing, has no effective learning materials, and not enough training from the Bloomberg sales rep, in my opinion.
  • FA function lacks Non-GAAP adjustments for the non-GAAP numbers provided by companies.

Return on Investment

  • The terminal is an important part of our research process. We use the supply chain function for example when researching new companies.
  • The terminal allows us to have a quick overview of past performance for stocks during earnings season (ERN function).
  • The terminal is very good at synthesizing the main industry indicators in the Bloomberg Intelligence functions for each industry.

Usability

Alternatives Considered

Visible Alpha, S&P Capital IQ, AlphaSense, VerityRMS, Third Bridge and Tegus

Other Software Used

Visible Alpha, AlphaSense, Third Bridge

Bloomberg Terminal review

Incentivized
Xavier Brun
head of equity at trea am (11-50 employees employees)

Use Cases and Deployment Scope

daily. it is a daily part of my work as I am a portfolio manager. the problems is some changes in functions like port or GF as I used to use a lot.

but it is a matter of time

the data limit download is an issue as one want to analyze a lot of data because Bloomberg Terminal cannot do it

Pros

  • EMSX
  • Graph
  • port

Cons

  • IA
  • quality summary of companies
  • include equity statement in its FA function (there is balance sheet, P&L, cash flow statement, but not equity statement)

Return on Investment

  • having some tools ready to use (BI, Xls tamplates)
  • negative: do not able to download data
  • negative: graph of your options strategy
  • negaitve: correlation of full portfolio, just limited

Usability

Alternatives Considered

LSEG Eikon, S&P Capital IQ and S&P Global Market Intelligence API Solutions

Other Software Used

Tegus, AlphaSense, S&P Capital IQ

Bloomberg Terminal

Incentivized
Verified User
Partner in Finance and Accounting (11-50 employees employees)

Use Cases and Deployment Scope

We use Bloomberg Terminal for real-time pricing, especially for fixed income trading. We also use the Bloomberg Terminal for raw data that we use in our models. It's also used for communicating with brokers and colleagues. We are a big user of the PORT function to monitor attribution, assess risk and run scenario analyses.

Pros

  • Real time data, prices and news
  • Portfolio monitoring
  • Screening tools

Cons

  • Limiting data use
  • Cost of Bloomberg Terminal
  • New user on-boarding

Return on Investment

  • Improved decision making
  • Greater understanding of portfolio risk(s)
  • Ability to cut some other providers

Usability

Alternatives Considered

FactSet Workstation

Other Software Used

SS&C Advent Investment Suite, FactSet Workstation, S&P Capital IQ

Bloomberg Terminal is an Industry-Leading Financial Hub

Incentivized
Verified User
Vice-President in Research & Development (51-200 employees employees)

Use Cases and Deployment Scope

I use the terminal daily for news and financial analysis

Pros

  • Fixed income
  • News
  • Stock charts
  • Financial analysis

Cons

  • News editorial
  • User interface

Return on Investment

  • Very efficient data inputs improves analysis
  • Breaking news drives decisions

Usability

Alternatives Considered

FactSet Workstation and S&P Capital IQ

Other Software Used

Microsoft Excel, Microsoft Powerpoint

BBG Terminal - Great Product

Incentivized
Verified User
Strategist in Finance and Accounting (501-1000 employees employees)

Use Cases and Deployment Scope

The Bloomberg Terminal is a great platform that is very valuable at both our organization and finance industry. The product is used on a daily basis. It addresses several key business needs such as, but not limited to, communicating with individuals in the industry, getting news quickly, and tracking the market. We are able to make educated decisions quickly with the help of this platform.

Pros

  • Communicating with investors, banks, partners, etc
  • Tracking key market metrics
  • Monitoring existing and previous structured finance deals

Cons

  • Visual user interface
  • A lot of functionality, need tutorials and lessons to narrow down
  • Expensive!
  • Some information may be delayed

Most Important Features

  • Email and Messaging
  • Benchmark tracking
  • Structured Finance deal library and details

Return on Investment

  • Appropriate pricing of deals due to market comparisons
  • Instant communication with key stakeholders
  • Top and quick newsbreaks

Alternatives Considered

FactSet, S&P Capital IQ and Morningstar Direct

Other Software Used

Microsoft Excel, Microsoft Powerpoint, Outlook4Gmail