Bloomberg

What is 'Bloomberg'

Bloomberg is a major global provider of 24-hour financial news and information, including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. Its services, which span its own platform, television, radio and magazines, offer professionals analytic tools. One of Bloomberg's key revenue earners and what it is well known for is the Bloomberg Terminal, which is an integrated platform that streams together price data, financials, news and trading data to more than 300,000 customers worldwide.

BREAKING DOWN 'Bloomberg'

Bloomberg was founded by Michael Bloomberg in 1981 as a technology provider of financial analytics and information. The company started with its flagship Bloomberg Terminal and saw itself grow to over 10,000 installed units within its first 10 years of operation. It subsequently built off its success by implementing Bloomberg News, an international financial news provider. Subscriptions for the news source grew to 150,000 over the proceeding 10 years, and the company then launched Bloomberg Tradebook, allowing people to trade directly through Bloomberg. As of 2016, the company is made up of financial products, enterprise products, industry products and media services.

Since its inception, Bloomberg has grown to become one of the most important financial companies in the world. It has over 327,000 subscriptions to its professional services, almost 1 million global circulations of Bloomberg Businessweek and over 150 news bureaus internationally.

The Bloomberg Terminal

The iconic Bloomberg Terminal, also known as the Bloomberg Professional Service, is a software system and computer interface that gives financial professionals the ability to track and analyze breaking news across the globe. The Bloomberg Terminal is geared toward large, institutional investors, and facilitates communication, information and trades between institutions. The average customer pays upwards of $20,000 for the service.

To support this massive network of financial information, data encryption, messaging and trading, Bloomberg employs over 4,000 computer engineers around the globe. These engineers make daily tweaks and improvements to the Bloomberg Professional Service so it continues to provide the most comprehensive array of financial capabilities open to the general public.

Bloomberg actively stays ahead of the technology curve by implementing aspects of current tech trends, such as its adoption of open-source technologies like Hadoop big-data framework and Solr search platform. In May 2015, Bloomberg opened up a technology hub in San Francisco, moving the majority of its engineers away from its traditional New York offices. The company hopes this will allow it to acquire and retain top engineering talent and help it continue to deliver the highest level of technological capabilities to its Bloomberg Professional Service customers.

RELATED TERMS
  1. Bloomberg Terminal

    A computer system that allows investors to access the Bloomberg ...
  2. Michael Bloomberg

    Michael Bloomberg is one of the wealthiest persons in the world ...
  3. Reuters

    A global information provider headquartered in London, England, ...
  4. News Trader

    A trader or investor who makes trading or investing decisions ...
  5. Baked In The Cake

    Projections, expectations and other news items that are already ...
  6. Financial Engineering

    The use of mathematical techniques to solve financial problems. ...
Related Articles
  1. Investing

    How Bloomberg Makes Billions (Hint: Not Just News)

    A look at the inner workings of one of Wall Street's most secretive (yet most important) private companies.
  2. Investing

    Bloomberg Stock Doesn’t Exist; Here is Why

    Look at why there is no Bloomberg LP stock, including a review of the company's history, products, ownership and major competitors.
  3. Trading

    The Bloomberg Terminal At A Glance

    The Bloomberg Terminal is one of the most popular tools for real-time financial information. Find out what it is and what it can do for you.
  4. Trading

    Beginner's Guide To The Bloomberg Terminal

    Find out how to use the Bloomberg terminal computer system to trade stocks.
  5. Investing

    Financial News Comparison: Bloomberg Vs. Reuters (BAC, GOOG)

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  6. Trading

    The Bloomberg Terminal: Step By Step

    Bloomberg is synonymous with investment information- its media outlet and software/hardware are used by most, if not all, professional money managers.
  7. Managing Wealth

    How Symphony Plans to Take on Bloomberg

    Bloomberg has dominated the financial information industry since forever. Will Symphony be the company to finally knock Bloomberg off its perch?
  8. Retirement

    How To Analyze Corporate Bonds With Bloomberg Terminals

    Bloomberg was originally designed as a tool for bond traders, and as such it's capabilities for analyzing corporate bonds are extremely robust.
  9. Trading

    Advanced Guide To The Bloomberg Terminal: Equity Functions: Monitoring Markets, Trading And Options

    Bloomberg offers numerous functions for monitoring the equity markets (as well as all other markets.) Which function you prefer is largely a matter of personal preference, and will depend on ...
  10. Markets

    Trump vs. Bloomberg: How They Compare

    If Bloomberg enters the presidential race how will he compare to billionaire brethren Trump?
RELATED FAQS
  1. Who are Morningstar's (MORN) main competitors?

    Research Morningstar's largest competitors in order to better understand the company's position in the financial information ... Read Answer >>
  2. Who are Thomson-Reuters (TRI) main competitors?

    Research the main competitors of Thomson Reuters in order to better understand the company's position in the publishing and ... Read Answer >>
  3. How do subscription business models work?

    Understand how a subscription business model works and why companies prefer a subscription business model over a traditional ... Read Answer >>
  4. What is the difference between portfolio management and financial planning?

    Understand the difference between financial planning and portfolio management, and learn which financial professionals can ... Read Answer >>
  5. Why do stock prices change following news reports?

    Stock prices move up and down every minute due to fluctuations in supply and demand. If more people want to buy a particular ... Read Answer >>
  6. How difficult is it to understand business analytics?

    Find out what it takes to understand the method of business analytics, and how to start a career through one of its many ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center