What is Bloomberg and how can it be useful for stock trading?
Almost everyone who is interested in finance or economics knows the website bloomberg.com; news and analytics are constantly published on this resource.
Moreover, the site invites its users to choose from which region of the world they want to receive information - 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 Bloomberg Terminal trading platform , the software is designed to organize professional trading with a payment of 24,000 US dollars per year:
In addition to the news site and trading platform, Bloomberg provides a lot of other products in one way or another related to economics or finance.
Products and services offered by Bloomberg
Bloomberg Terminal and Bloomberg News are the main products that generate the most revenue for this company. In addition, Bloomberg provides other products such as:
Bloomberg Professional Services - A service located in the Bloomberg Terminal for monitoring and analyzing financial data in real time, searching for financial news, receiving quotes and sending emails through 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 a television and radio network of financial news that broadcasts 24 hours a day; more than 200 million people around the world use the services of this network:
Bloomberg Markets is a monthly magazine that provides information on global financial markets based on analysis from financial experts at Bloomberg.
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 providing news and information on politics.
Bloomberg Tradebook is a brokerage service that provides access to trading algorithms, analysis and marketing ideas. Works only with large, corporate clients.
Bloomberg Beta is a venture capital firm funded by Bloomberg LP itself, specializing in investments and areas of interest to Bloomberg LP.
This is far from a comprehensive list of services provided by this holding; in addition to the above, there is also Bloomberg Innovation Index, Open Bloomberg, Bloomberg Live, TicToc by Bloomberg, Bloomberg New Economy Forum.
Now it’s clear why Michael Bloomberg, the owner of all of the above, is the richest person in New York and ranks 7th among the richest people in the world.
The main component of successful trading is the ability to find the necessary information; Bloomberg has built a huge business on this topic. Perhaps one of the services listed above will be useful to you.