On which terminal to trade options
The early s brought us many of the tools we use for investing. Apple released the 1st Mac. The Bloomberg Terminal, also called Bloomberg Professional Services, is a software system designed specifically for trading desks and financial markets.
Users can place trades and monitor real-time financial market data. The proprietary system also gives access to breaking news and provides messaging capability to keep the team in constant communication to strategize or to move quickly when data changes or news breaks.
Advantages of Bloomberg Terminal Bloomberg Terminal has had its competitors in past years, but by providing a unique value proposition has risen to become the gold standard for financial market news, data and trading tools.
The famous black-screen terminal has become nearly synonymous with Wall Street. Simply staying with Bloomberg Terminal requires no retraining for trading firms and no downtime while computing systems are installed or traders and other financial market staff learn to navigate a new system. Excel pros can even have spreadsheets dynamically refresh, allowing them to sort tables based on real-time data points.
Swap manager Foreign exchange Risk modeling Great customer support: support for Bloomberg Terminal is reportedly outstanding. Critics have charged Bloomberg Terminal has been slow to react to market changes and the need for system upgrades to support newer hardware, such as the long wait for export compatibility with bit systems.
Depending on your primary markets and how you use the data provided by Bloomberg Terminal, the software will have different advantages for each user.