.....Bloomberg gives market data service a facelift - News and Current Events | futures io social day trading
futures io futures trading

.....Bloomberg gives market data service a facelift
Updated: Views / Replies:369 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

.....Bloomberg gives market data service a facelift

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

.....Bloomberg gives market data service a facelift

(Reuters) - Bloomberg LP revamped its market data service on Monday in an effort to make its flagship terminal more intuitive and simpler to use for financial clients who have seen their budgets slashed in recent years.

The financial sector - key customers for Bloomberg, Thomson Reuters Corp (NYSE:TRI - News)(:TRI.TN), Factset Research Systems Inc (NYSE:FDS - News) and News Corp's Dow Jones (NasdaqGS:NWSA - News) - has cut costs and laid off tens of thousands of employees in the wake of the financial crisis that ran from late 2007 to mid-2009.

The privately held company co-founded by New York Mayor Michael Bloomberg said it invested more than $100 million in "Bloomberg Next" to make the platform easier for subscribers to search for data and news, including cutting the number of system functions in half.

Executives demonstrated that, if a customer wanted to search for IBM's earnings before interest, taxes, depreciation and amortization in the fourth quarter of 1999, the user just had to type "IBM EBITDA Q4 1999" into a search field and an answer would pop up. In the past, this would have required several key strokes.

"This is a tough market. We are constantly in a battle to improve the value of Bloomberg and 'Next' helps us do this," said Tom Secunda, Bloomberg LP's co-founder and head of the company's financial products and services division.
"Our numbers are going up, albeit slowly," he added, referring to Bloomberg's overall subscriber figures.

About 113,000 customers have already switched to the Bloomberg Next design and the company is planning to have "a high 90 percent" of its nearly 310,000 subscribers upgraded by the summer, Secunda said.

Users can still keep the old version of the product until the end of the year, but less than 1 percent of customers who have downloaded "Bloomberg Next" have asked to use the previous software, a Bloomberg spokeswoman said on Monday.

The new terminal design, which is free for existing Bloomberg customers, is expected to ratchet up competition. Thomson Reuters introduced Eikon in September 2010, designed to knit together dozens of disparate products that resulted from the 2008 acquisition of Reuters Group Plc by Thomson Corp.

Eikon also offers easier search features and the platform allows customers to build different applications to customize the terminal for their needs.

"Anything that makes Bloomberg's product easier to use from the client perspective has to be viewed as positive. I don't expect this to radically change the competition but it does turn up the competitive heat," said Piper Jaffray analyst Peter Appert.

Eikon sales have been a disappointment for Thomson Reuters shareholders. The company has more than 400,000 end users across its range of desktop products, of which 40,000 have signed up for Eikon, including 16,000 that have installed the product and are considered active users.

Bloomberg edged out Thomson Reuters last year in the $25 billion sector for market data and analysis, taking a 30.4 percent share compared with Thomson Reuters' 30.1 percent according to consulting firm Burton-Taylor.

Thomson Reuters said the Burton Taylor survey focuses on terminal sales and does not reflect other market segments the company serves in the Financial & Risk unit, where revenue also comes from sales of feeds, foreign exchange products and compliance and regulatory products.

Over the past couple of years, Bloomberg has branched out, targeting customers interested in government data, as well as the legal information market. It bought legal and regulatory research firm BNA for $990 million.

Thomson-Reuters shares listed in the United States closed up about 0.8 percent on Monday at $28.75 per share, while FactSet Research shares gained 0.2 percent to $88.94 per share on the New York Stock Exchange.

Bloomberg gives market data service a facelift - Yahoo! Finance

Reply With Quote


futures io > > > > .....Bloomberg gives market data service a facelift

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
Kinetick - A new Market Data Feed Service for NinjaTrader roonius Reviews of Brokers and Data Feeds 167 June 11th, 2015 12:26 PM
News feed bloomberg like dimkdimk Traders Hideout 9 March 26th, 2013 03:04 PM
Rithmic data service down ? Is it fixed ? MetalTrade Reviews of Brokers and Data Feeds 3 September 22nd, 2011 11:38 AM
Webinar: DTN IQFeed Data Feed Service Big Mike Reviews of Brokers and Data Feeds 4 July 19th, 2011 09:58 AM

All times are GMT -4. The time now is 10:10 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-23 in 0.15 seconds with 19 queries on phoenix via your IP