Description of the Bloomberg trading platform and its main features
The most popular trading platform at the moment is Metatrader, but it is always interesting to explore alternative stock trading software options.
Bloomberg is an international trading platform that provides information on financial markets as well as companies and industrial sectors in general.
The platform allows you to receive real-time data, as well as conduct market analysis and make investment decisions.
The history of the Bloomberg trading platform involves a multi-step process, starting with the company's founding in 1981 by Michael Bloomberg.
Over time, the company has grown into a multi-billion dollar business providing financial information and trading technology to financial market professionals around the world.
Bloomberg Key Features
Market data and news
Bloomberg provides a wealth of data on financial markets, such as stock prices, indices, currencies, etc.:
Data is updated in real time, allowing traders and investors to quickly respond to changes in the market. In addition, information on international news that may affect financial markets is available on the platform.
Analytics and research
The trading platform allows you to conduct market analysis and research companies or entire sectors of the economy. Users can access a variety of reports and analysis articles to help them make investment decisions.
Just like in the usual metatrader, Bloomberg has the ability to create your own indicators or other scripts. This allows traders and investors to adapt the platform to their needs and improve the comfort of their work.
Opening transactions on the stock exchange
Using Bloomberg you can trade quite a wide range of assets, including stocks, bonds, currencies and commodities:
Trading can be performed through various types of orders, such as market, limit , stop limit. In addition, it is possible to open IF-Done orders, consisting of two orders in which the first order triggers the opening of the second order.
Investment portfolio management
Bloomberg also provides the ability to manage your investment portfolio . Users can use the platform to create and edit portfolios, track their performance and identify risk.
The platform also provides tools for assessing the value of a portfolio and its distribution among various assets.
Communication
Bloomberg has the ability to communicate and exchange information with each other. Users can use the Bloomberg chat system to communicate in real time with other traders and investors, as well as participate in public forums:
In addition, the platform allows you to create groups and chats to discuss certain topics.
If we talk about the advantages, I would say that the main one is the ability to quickly obtain complete information on any asset. For example, you can see who owns certain securities and in what quantity, and get complete information about the stock itself.
I would say that the main disadvantage is the difficulty of working with this trading platform; a novice trader will need more than one month to get used to the program.
If you have an open mind to compare the capabilities of the Bloomberg trading platform with Metatrader, it is difficult to discover the really worthwhile advantages for which it is worth paying $2,000 per month, namely the cost of a monthly Bloomberg subscription.
The missing services can be easily found for free or purchased for just a couple of hundred dollars a month; the high price of the Bloomberg trading platform is more a tribute to prestige than a really justified benefit.
But if you are still determined to purchase this platform, you can do so on the website - https://www.bloomberg.com/professional/solution/bloomberg-terminal/