Anyone has Bloomberg Terminal

[civicguy]

Wonder if any bro here has a Bloomberg terminal for personal trading ? Any good reasons to get it ? Ex right ?

 

[Carnage]

Use it in office.

I believe it's in the thousands per month and dependent on what functions you require.

 

[civicguy]

Wow. So ex

 

[Shiny Things]

Wonder if any bro here has a Bloomberg terminal for personal trading ? Any good reasons to get it ? Ex right ?

No, there's no good reason to get it for PA trading unless your last name is Gates. The going rate is about USD 2,000 per month - so call it SGD 2,500 a month and you won't be too far off - and then you have to pay for market data subscriptions on top of that. There's a reason Michael Bloomberg is a multi-billionaire.

That said, it's an absolute goldmine - there's a reason it's the industry standard, sorry Reuters - and I seriously miss having it.

 

[kebinu]

I would not be expecting any retailers to get for personal trading. If one has such profit to get, he would know the cost or already have it.

 

[civicguy]

Thanks all. Nice to know

 

[Mecisteus]

you can go to the library to access bloomberg for free.

anyway i dont believe in paying expensive subscriptions, courses, seminars, etc. if you are really good, you can make money without all these expensive tools. you can just rely on all available public information.

 

[sustainableinvestor]

you can go to the library to access bloomberg for free.

anyway i dont believe in paying expensive subscriptions, courses, seminars, etc. if you are really good, you can make money without all these expensive tools. you can just rely on all available public information.

Yup, agreed fully. My investment decisions (profitable ones) over the years were made through publicly available information. I believe those served me sufficiently well.
No necessity to use Bloomberg for the average investor.

Corporations and Traders use it for high frequency trading, i believe.

 

[Carnage]

I think the best example would be Warren Buffett, claiming to never use a calculator or a computer for his investments.

 

[civicguy]

Where do you all suggest where we can get good market info like those in Bloomberg terminal ? Eg breaking news, analyst reports etc ? Is stock twits a good source ?

Hope to learn from all of you

 

[Shiny Things]

Corporations and Traders use it for high frequency trading, i believe.

Corps and traders do use it, but not for high-frequency anything - all that stuff is done with custom software.

The value in a Bloomberg sub comes from a wide range of things. Firstly, there's the vast historical and live-market data across everything from FX to cash commodities to credit to rates to futures to economic data to hedge fund returns to blah blah blah you name it; there's built-in analytics for things like bond pricing, option structuring, and portfolio risk management (and a good Excel API as well if that's your thing); and there's a bunch of trade-execution platforms built into it as well, which all the major banks plug into - so, say, if you're a hedge fund or a really huge private punter, you can just call up your RM at Megabank and your RM at Überbank and say "I want your streaming FX prices on Bloomberg" - and then you can click'n'trade in $20mio and $50mio to your heart's content and BBG will handle all the algorithmic execution and trade tickets and confirmations and even let you see your position on your Blackberry.

And if it all gets a bit too much for you, you can just hit the HELP key twice, and you'll instantly get patched through to Bloomberg's (usually very cluey) support team: no waiting, no automated system, instant human support.

(And on top of that, there's the softer stuff like the restaurant reviews; Instant Bloomberg (basically Yahoo Messenger for the one percent); the huge BLAW law database (they'll even pull court records for you for free); and my alltime favourite function, which they sadly recently canned, was CMCS - the comics page.)

So the reason it costs two grand a month is not because of any one particular feature. It's because there are SO MANY features all in one place, with good support to help you get value out of it.

But also, it looks expensive to you and me, but to a bank it looks cheap. Let's say a bank flow trader makes five or ten million bucks a year for his bank, which is a fairly standard budget; compared to that, $24,000 a year for a Bloomberg subscription is peanuts.

Where do you all suggest where we can get good market info like those in Bloomberg terminal ? Eg breaking news, analyst reports etc ? Is stock twits a good source ?

There isn't any one place, because there's so much stuff to be found. You can definitely get news from Stocktwits (and Twitter itself is actually an excellent source of breaking news - it can be as much as two minutes ahead of the Reuters and Bloomberg newswires on earthquakes and coups and market-moving events like that) ... but then there's the analytics, the historic data, the trade algorithms ...

 

[sustainableinvestor]

Corps and traders do use it, but not for high-frequency anything - all that stuff is done with custom software.

The value in a Bloomberg sub comes from a wide range of things. Firstly, there's the vast historical and live-market data across everything from FX to cash commodities to credit to rates to futures to economic data to hedge fund returns to blah blah blah you name it; there's built-in analytics for things like bond pricing, option structuring, and portfolio risk management (and a good Excel API as well if that's your thing); and there's a bunch of trade-execution platforms built into it as well, which all the major banks plug into - so, say, if you're a hedge fund or a really huge private punter, you can just call up your RM at Megabank and your RM at Überbank and say "I want your streaming FX prices on Bloomberg" - and then you can click'n'trade in $20mio and $50mio to your heart's content and BBG will handle all the algorithmic execution and trade tickets and confirmations and even let you see your position on your Blackberry.

And if it all gets a bit too much for you, you can just hit the HELP key twice, and you'll instantly get patched through to Bloomberg's (usually very cluey) support team: no waiting, no automated system, instant human support.

(And on top of that, there's the softer stuff like the restaurant reviews; Instant Bloomberg (basically Yahoo Messenger for the one percent); the huge BLAW law database (they'll even pull court records for you for free); and my alltime favourite function, which they sadly recently canned, was CMCS - the comics page.)

So the reason it costs two grand a month is not because of any one particular feature. It's because there are SO MANY features all in one place, with good support to help you get value out of it.

But also, it looks expensive to you and me, but to a bank it looks cheap. Let's say a bank flow trader makes five or ten million bucks a year for his bank, which is a fairly standard budget; compared to that, $24,000 a year for a Bloomberg subscription is peanuts.


There isn't any one place, because there's so much stuff to be found. You can definitely get news from Stocktwits (and Twitter itself is actually an excellent source of breaking news - it can be as much as two minutes ahead of the Reuters and Bloomberg newswires on earthquakes and coups and market-moving events like that) ... but then there's the analytics, the historic data, the trade algorithms ...

Wow Shinythings, thanks for sharing!

 

[sustainableinvestor]

Where do you all suggest where we can get good market info like those in Bloomberg terminal ? Eg breaking news, analyst reports etc ? Is stock twits a good source ?

Hope to learn from all of you

Hi civicguy, for me, I use Shareinvestor. It is a very good data-mining tool for SGX stocks.
Plus sources like SGX announcements, company websites, etc.

 

[civicguy]

Thank you bro Shinythings and SustainableInvestor.. all fantastic info.. appreciate it.. really glad this forum has so many knowledgeable people

 

[wahkao3]

Hi civicguy, for me, I use Shareinvestor. It is a very good data-mining tool for SGX stocks.
Plus sources like SGX announcements, company websites, etc.

i also use share investor
cheap alternative

 

[flambe]

Corps and traders do use it, but not for high-frequency anything - all that stuff is done with custom software.

The value in a Bloomberg sub comes from a wide range of things. Firstly, there's the vast historical and live-market data across everything from FX to cash commodities to credit to rates to futures to economic data to hedge fund returns to blah blah blah you name it; there's built-in analytics for things like bond pricing, option structuring, and portfolio risk management (and a good Excel API as well if that's your thing); and there's a bunch of trade-execution platforms built into it as well, which all the major banks plug into - so, say, if you're a hedge fund or a really huge private punter, you can just call up your RM at Megabank and your RM at Überbank and say "I want your streaming FX prices on Bloomberg" - and then you can click'n'trade in $20mio and $50mio to your heart's content and BBG will handle all the algorithmic execution and trade tickets and confirmations and even let you see your position on your Blackberry.

And if it all gets a bit too much for you, you can just hit the HELP key twice, and you'll instantly get patched through to Bloomberg's (usually very cluey) support team: no waiting, no automated system, instant human support.

(And on top of that, there's the softer stuff like the restaurant reviews; Instant Bloomberg (basically Yahoo Messenger for the one percent); the huge BLAW law database (they'll even pull court records for you for free); and my alltime favourite function, which they sadly recently canned, was CMCS - the comics page.)

So the reason it costs two grand a month is not because of any one particular feature. It's because there are SO MANY features all in one place, with good support to help you get value out of it.

But also, it looks expensive to you and me, but to a bank it looks cheap. Let's say a bank flow trader makes five or ten million bucks a year for his bank, which is a fairly standard budget; compared to that, $24,000 a year for a Bloomberg subscription is peanuts.


There isn't any one place, because there's so much stuff to be found. You can definitely get news from Stocktwits (and Twitter itself is actually an excellent source of breaking news - it can be as much as two minutes ahead of the Reuters and Bloomberg newswires on earthquakes and coups and market-moving events like that) ... but then there's the analytics, the historic data, the trade algorithms ...

 

[wahkao3]

sgx.com have the info liao
all free

 

[SpeedingBullet]

chao digger.

Anyways, im glad i have one sitting right beside me at work

 

[moolala]

i will access to a shared bloomberg terminal soon, where do i learn how to use it very quickly?

or more importantly, what are the most useful functions that are a must know?

chao digger.

Anyways, im glad i have one sitting right beside me at work

 

[SpeedingBullet]

i will access to a shared bloomberg terminal soon, where do i learn how to use it very quickly?

or more importantly, what are the most useful functions that are a must know?

Wtf another digger

umm, i think the fastest way is to just start using. The homepage (if using bbg default) should have a few pointers. Or you can hit the help key. Just keep playing around until u get a hang of it.

Just dont touch EMSX <GO> . Unless you are specifically instructed by your PM to execute trades which i highly doubt they’ll let u on ur first day