Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The reason they can charge so much is the amount of information they store. You can find out tons of stuff quickly. Say you hear of an oil tanker exploding in a port, you can find out what ships were there, and who owned them and try to guess whose stock to short.
They even keep track of how many people looked up your profile in a day and publish a list of the hottest profiles.
That's crazy. I had a terminal when I worked with a few Interbank Dealers... Most traders and brokers I knew probably never gave any thought to spying...
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Although this looks bad for Bloomberg, there really isn't anything else available out there. They have a major monopoly on the market. Reuters Eikon is trying to change that though.
The market makers mostly just use the chat function for socailizing actually. The big trades and price discovery is all done on direct phone lines, in fact they are hyper-concerned about privacy, that's why they use the IDB's in the first place. As for buy side firms, not sure how much sensitive information would be transmitted on bloomberg chat, I rekon not that much....
