Bloomberg Terminal

#1

Do Indian traders use Bloomberg terminal?
What advantage will one get by using it in Indian markets.

#2
1 Like
#3

Yes, If someone else pays for it. like employees of MF companies, news anchors etc

1 Like
#4

You mean that there are very less traders/investors who themselves use Bloomberg terminal.

#5

Yes. The subscription charges are exorbitant. An individual trader could comfortably feed their 4 member family comfortably for 2-3 years instead.

5 Likes
#6

Hahaha :rofl::rofl::rofl:

1 Like
#7

I read an article once on Medium which had the following quote on Bloomberg terminal;

When you log into Bloomberg, it is like you have suddenly come across a secret internet where all the data is real, the stories are factual and the information is actually released so quickly that you can put in a trade before the rest of the market. — Alex Novak

It is literally like trading on inside information. Obviously, as others have also pointed out, it is freaking expensive.

3 Likes
#8

But as I know most of company who main busniess in stock market not allowed to trading and for investment you need to inform the companies first

#9

Not necessarily. A few companies actually encourage personal trades by employees because it ensures that their employees are in the thick on things, active and informed on the markets - you can see the logic here.

#10

Seems like that option are indeed for very rich and professional organisations no matter how you really put it so thanks in advance please no matter what. I do understand that really need some backup in cash, but I am planning to try it early anyway.

1 Like
#11

it costs 2000$/month… that’s right, per month!!
Even some institutions have started cost cutting and now use bloomberg terminals for a group of people which was earlier like one terminal per user…