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Bloomberg Terminal description
Bloomberg Terminal is a financial software platform mainly used by large financial institutions and corporations. It gives you access to real-time financial market data, news, analytics, trading tools, and communication features. It's known for its comprehensive global market coverage and in-depth data analysis tools. While expensive, it remains an industry standard for professionals who need to make quick, informed decisions in the financial markets.
Who is Bloomberg Terminal best for
Bloomberg Terminal provides real-time market data, news, analytics, and trading tools. Users praise its comprehensive data and powerful features but note the high cost and complex interface. Best for large financial institutions needing in-depth market analysis.
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Best for medium to large businesses (101+ employees).
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Ideal for financial institutions and corporations.
Bloomberg Terminal features
Supported Provides real-time data on markets, industries, companies, and securities across all asset classes. |
Supported Offers data analysis tools, proprietary and third-party research, and analytics capabilities. |
Supported Includes communication features, and industry-leading collaboration tools to connect with a network of financial professionals. |
Supported Provides multi-asset execution capabilities, integrated order management solutions, and pre- and post-trade analytics. |
Supported Delivers access to news, including trending news and largest financial news provider. |
Supported Offers Bloomberg Launchpad, a customizable workspace with security monitors, alerting tools, charting capabilities, and market-moving news. |
Supported Allows access through mobile devices via the Bloomberg Professional App for on-the-go access. |
We evaluate the sentiment that users express about non-functional aspects of the software
Ease of Use
Bloomberg Terminal reviews
We've summarised 66 Bloomberg Terminal reviews (Bloomberg Terminal G2 reviews) and summarised the main points below.
- Comprehensive and up-to-date financial data from a vast range of sources.
- Real-time market data, news, and analytics tools.
- Powerful portfolio management and trading capabilities.
- Extensive communication features and direct connections with other users.
- Widely used industry standard, valuable for networking and career advancement.
- High cost is a major concern for many users, especially individuals and smaller businesses.
- Steep learning curve and complex interface make it difficult for new users.
- Outdated UI/UX and limited customization options.
- Occasional performance lags, bugs, and software glitches.
- Excel add-in can be slow and cumbersome.
Bloomberg Terminal pricing
The commentary is based on 9 reviews from Bloomberg Terminal G2 reviews.
Bloomberg Terminal's pricing is a recurring concern. While users consistently praise its comprehensive data and powerful analytics, the high cost is a significant barrier to entry for many. Some find the price justified, while others seek cheaper alternatives.
Users sentiment
Bloomberg Terminal alternatives
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Bloomberg Terminal FAQ
Bloomberg Terminal is a software platform providing real-time financial data, news, analytics, and trading tools. Used primarily by financial professionals at large institutions, it facilitates informed decision-making with comprehensive market coverage and in-depth analysis capabilities.
What is Bloomberg Terminal and what does Bloomberg Terminal do?
Bloomberg Terminal is a software platform providing real-time financial data, news, analytics, and trading tools. Used primarily by financial professionals at large institutions, it facilitates informed decision-making with comprehensive market coverage and in-depth analysis capabilities.
Bloomberg Terminal integrates with Excel and other Microsoft Office products, allowing data transfer and analysis. It also offers APIs and other integrations for custom solutions, though users often find setup complex and documentation lacking.
How does Bloomberg Terminal integrate with other tools?
Bloomberg Terminal integrates with Excel and other Microsoft Office products, allowing data transfer and analysis. It also offers APIs and other integrations for custom solutions, though users often find setup complex and documentation lacking.
Main competitors of the Bloomberg Terminal include AlphaSense, S&P Capital IQ Platform, and Morningstar Direct. These platforms offer similar financial data, analytics, and research tools, catering to financial professionals' needs.
What the main competitors of Bloomberg Terminal?
Main competitors of the Bloomberg Terminal include AlphaSense, S&P Capital IQ Platform, and Morningstar Direct. These platforms offer similar financial data, analytics, and research tools, catering to financial professionals' needs.
Bloomberg Terminal is a legitimate, albeit expensive, software platform widely used by financial professionals. It's known for comprehensive market data, robust analytics, and real-time news, making it a valuable tool for informed financial decision-making. However, its complexity and cost may be prohibitive for some.
Is Bloomberg Terminal legit?
Bloomberg Terminal is a legitimate, albeit expensive, software platform widely used by financial professionals. It's known for comprehensive market data, robust analytics, and real-time news, making it a valuable tool for informed financial decision-making. However, its complexity and cost may be prohibitive for some.
Bloomberg Terminal costs roughly $24,000 per year per user. There is no free version or free trial available. Contact Bloomberg directly for detailed pricing.
How much does Bloomberg Terminal cost?
Bloomberg Terminal costs roughly $24,000 per year per user. There is no free version or free trial available. Contact Bloomberg directly for detailed pricing.
Bloomberg Terminal's customer support is generally considered excellent, with readily available and helpful representatives. Users mention the support team's dedication to customer satisfaction and their assistance with the platform's complexities. However, some have noted that the helpdesk may lack in-depth knowledge of the methodology behind specific data calculations.
Is Bloomberg Terminal customer service good?
Bloomberg Terminal's customer support is generally considered excellent, with readily available and helpful representatives. Users mention the support team's dedication to customer satisfaction and their assistance with the platform's complexities. However, some have noted that the helpdesk may lack in-depth knowledge of the methodology behind specific data calculations.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.