What is Bloomberg and how can it be useful for stock trading?
Almost everyone interested in finance or economics knows the website bloomberg.com, which regularly publishes news and analysis.
Moreover, the site offers its users the choice of which region of the world they want to receive information from – Europe, America, Asia, or Africa.
But not everyone knows that Bloomberg is not only an online resource, but also a manufacturer of software for stock trading.
The main product is the trading platform " Bloomberg Terminal ", software designed for organizing professional trading with a fee of 24,000 US dollars per year:
In addition to its news site and trading platform, Bloomberg offers a host of other products related to economics or finance.
Products and services offered by Bloomberg
Bloomberg Terminal and Bloomberg News are the company's primary revenue-generating products. Bloomberg also offers the following products:
Bloomberg Professional Services - A service located within the Bloomberg Terminal for monitoring and analyzing financial data in real time, searching for financial news, receiving quotes, and sending electronic messages via the Instant Bloomberg service.
Bloomberg News is a well-known service founded in 1990 by Michael Bloomberg and Matthew Winkler. In addition to regular economic information, Bloomberg News also publishes financial reports for investors.
Bloomberg Radio and Bloomberg Television are financial news networks broadcasting 24 hours a day and reaching more than 200 million people worldwide.
Bloomberg Markets is a monthly magazine that provides information on global financial markets based on analysis from Bloomberg financial experts.
Bloomberg Entity Exchange is also known as a centralized web platform for companies, corporations and insurance companies, banks or brokers to exchange data and documents.
Bloomberg Government is an online service that provides news and information on politics.
Bloomberg Tradebook is a brokerage service providing access to trading algorithms, analysis, and marketing ideas. It works exclusively with large, corporate clients.
Bloomberg Beta is a venture capital firm funded by Bloomberg LP, focusing on investments and areas of interest to Bloomberg LP.
This is not the entire list of services provided by this holding company; in addition to the above, there is also Bloomberg Innovation Index, Open Bloomberg, Bloomberg Live, TicToc by Bloomberg, and Bloomberg New Economy Forum.
Now it is clear why Michael Bloomberg, the owner of all of the above, is the richest man in New York and ranks 7th among the richest people in the world.
A key component of successful trading is the ability to find the right information, and Bloomberg has built a huge business on this topic. Perhaps you'll find one of the services listed above useful
