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Its data sets are more comprehensive and are updated more quickly than any of its peers, making it especially useful for credit research analysts, fixed income sales and bond traders, and professionals in debt capital markets. Bloomberg’s fixed income data is second to none. You’re in any way involved in the bond market. You absolutely have to go with Bloomberg if … While the Bloomberg terminal is used across the financial services world, it is used predominantly by portfolio managers, buy-side analysts, and sell-side finance professionals within the sales and trading and asset management functions. Bloomberg is best for …īuy side, sales and trading and asset management. For example, once schools commit to 3 terminals, they can get nine additional machines for free, dropping the total per-terminal cost to as little as $3,000 per year. The price drops to $20,000 per terminal per year for 2 or more terminals.Īcademic discounts: For universities looking to power their finance labs with the famous terminals, Bloomberg offers significant incentives. The cost of a Bloomberg Terminal is $24,000 per year, and terminals are leased on a two-year basis. (1) Source: Burton-Taylor International consulting and Bloomberg Bloombergīloomberg is the 800-pound gorilla in the financial data world, with financial data revenue of approximately $9 billion and 325,000 terminals currently licensed. It controls more than 33% of the financial data market. Its closest rival is Thomson Reuters, with 23% of the market share. The cost of Thomson Reuters’ Eikon is $22,000 per year, but a stripped down version can cost as little as $3,600 per year.
ALTERNATIVES TO BLOOMBERG TERMINAL FULL
The cost of a FactSet subscription is $12,000 per year for the full product. For example, downloading equity research reports comes at an extra cost – either on a per-download basis or unlimited at $2,500 per year. However, pricing can go up significantly with added features. The price drops to $20,000 per terminal per year for 2 or more terminals. See below for academic pricing.Ĭapital IQ pricing starts at $13,000 per user per year and drops to as low as $7,500 per user per year for larger numbers of users. The cost of a Bloomberg Terminal is $24,000 per year and terminals are leased on a two-year basis. sell-side) and killer apps and features that might push users to favor one data provider over another. The goal of this article is to provide a thorough comparison of cost, industry relevance ( buy-side vs. All four try to offer a one-stop-shop platform that provides all types of financial data services (with a massive price tag, as you’ll see below). As a result, Eikon is a Refinitiv product.įinancial data providers are a key part of the the financial professional’s workflow. For the investment banking analyst who needs to find historical data and forecasts in order to build a 3-statement model or for the currency trader looking for real-time quotes, up-to-date and accurate financial data is critical.Īs it currently stands, the financial data industry is dominated by 4 large providers: Bloomberg, S&P (Capital IQ + SNL), FactSet and Thomson Reuters Eikon. UPDATE: Thomson Reuters’ Financial & Risk division became Refinitiv on October 1, 2018.
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