TrustRadius Insights
The Bloomberg Terminal is a versatile tool that has found great utility among users in various industries. Professionals have utilized the …
Overview
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…
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Product Details
- About
- Tech Details
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.
The Bloomberg Terminal brings together real-time data on every market, breaking news, in-depth research, analytics, communications tools and world-class execution capabilities — in one fully integrated solution.
Markets
Awareness, context and analysis make Bloomberg the primary source for those who need to know what’s happening now and what might happen next. The Bloomberg Terminal delivers coverage of markets and securities with information across asset classes — from fixed income to equities, to foreign exchange, commodities and derivatives — integrated in one place and delivered in real time to a desktop or mobile device.
Tools and charting
Bloomberg's technologies deliver tools, such as custom desktop applications, portfolio monitors, market alerts and charting capabilities that optimize user workflow.
Trading solutions
Bloomberg offers trading solutions across multiple asset classes and sophisticated pre- and post-trade analytics for both the buy side and sell side.
News
Up-to-the-minute access to financial news that moves markets and that changes the course of a business. Bloomberg's news is reported when it happens, from where it happens. Boasting more than 2,700 news professionals in 120 countries, Bloomberg’s coverage of companies, markets, economies, politics and governments ensures customers get the information when it is needed.
Research
Bloomberg has a broad range of research offerings including direct access to sell-side and independent research from more than 1,500 sources, as well as proprietary, analyst-driven research that provides a comprehensive view of industries and their key constituents with unsurpassed depth and breadth at the sector, industry and company levels.
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Bloomberg Terminal Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
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- Recommendations
The Bloomberg Terminal is a versatile tool that has found great utility among users in various industries. Professionals have utilized the product to automate manual tasks through coding and rule application, making their workflows more efficient. It is commonly used for trading, portfolio management, monitoring, and surveillance purposes. Users find the product valuable for finding key financial information and aggregating it in one area, which aids in valuation, financial analysis, and debt analysis. Additionally, the product serves as a comprehensive source for market research, information gathering, and data analysis. Users appreciate the convenience of having all the information on one platform and find the tools and add-ins in Excel to be useful for specifying data requirements. The Bloomberg Terminal also aids in conducting bottoms-up financial research by providing a large amount of varied financial data for international companies across asset classes. Furthermore, it offers reliability in providing precise numbers and graphics for security analysis, accurate valuation reports, and trend analysis. The product has been effective in guiding investments and managing portfolios by providing real-time stock market prices and remotely accessible logins from anywhere in the world. Moreover, it assists in bond pricing reconciliations, trade and account transactions reconciliations, performance analysis as well as streamlining communication with clients. Overall, the Bloomberg Terminal is praised for its ability to provide accurate and up-to-date data for research and business purposes and has become an indispensable resource for professionals in the finance industry.
Excellent Support: Users highly appreciate the excellent support provided by Bloomberg Terminal, with many reviewers stating that it is available at almost all times of the day and the support team goes to great lengths to satisfy customers.
Smooth Interface: The smooth interface of Bloomberg Terminal is praised by users, who describe it as a bliss to use. They find it user-friendly and intuitive, making their experience seamless and enjoyable.
Real-time Financial Data: Users highly value the real-time financial data and news provided by Bloomberg Terminal. Many reviewers mention that they appreciate the ability to access advanced analytics and trading capabilities, which help them make informed decisions in a timely manner.
Confusing and Visually Unappealing User Interface: Several users have expressed their dissatisfaction with the user interface of the Bloomberg Terminal, finding it confusing and not visually appealing. They believe that the layout could be more user-friendly and clear, especially for beginners.
Inadequate Training: Some users have mentioned that the training provided by the software is inadequate. They feel that it does not fully equip them with the necessary analytical capabilities, leaving them struggling to make the most of the software's functionalities.
High Cost: The high cost of the Bloomberg Terminal has been a major concern for many users. They compare it to other financial analysis products in the market and feel that it is expensive, making it difficult for some businesses or individuals to afford.
Users commonly recommend the following when using the Bloomberg Terminal:
Users recommend utilizing the helpdesk for assistance with the Bloomberg Terminal, as it is a valuable resource for resolving issues or getting guidance on using the platform effectively.
It is recommended to invest time in learning the commands and shortcuts on the Bloomberg Terminal. This can greatly enhance navigation and data extraction efficiency.
Users advise seeking professional training and support to familiarize oneself with the basics of navigating the Bloomberg Terminal. Resources like Bloomberg consultants or beginner certification courses can be helpful in this regard. Additionally, completing the Bloomberg Market Concepts course is suggested to enhance the user experience on the platform.
Reviews
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August 30, 2022
BBG Terminal - Great Product
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.
- Communicating with investors, banks, partners, etc
- Tracking key market metrics
- Monitoring existing and previous structured finance deals
- Visual user interface
- A lot of functionality, need tutorials and lessons to narrow down
- Expensive!
- Some information may be delayed
- Email and Messaging
- Benchmark tracking
- Structured Finance deal library and details
- Appropriate pricing of deals due to market comparisons
- Instant communication with key stakeholders
- Top and quick newsbreaks
- FactSet, S&P Capital IQ and Morningstar Direct
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.