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 professional analysis tools for financial professionals. 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.


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 2018, 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 Solar 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.

  1. Bloomberg Terminal

    A computer system that allows investors to access the Bloomberg ...
  2. Notice of Termination

    A notice of termination refers to how an employer notifies an ...
  3. Financial Engineering

    Financial engineering is the use of mathematical techniques to ...
  4. Point-Of-Sale Terminal

    A point-of-sale (POS) terminal is a hardware system for processing ...
  5. Voluntary Plan Termination

    The discontinuance of a defined benefit plan by an employer. ...
  6. Information Management Technology ...

    Information management technology is the distribution, organization ...
Related Articles
  1. Insights

    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. Tech

    Top Bloomberg Tools For Financial Analysis

    Market leader Bloomberg offers lots of tools; some are better for traders, some for financial analysts. Here are the top Bloomberg tools for the latter.
  3. Trading

    Advanced Guide To The Bloomberg Terminal

    This advanced guide gives an in-depth introduction to the Bloomberg Terminal's advanced features.
  4. Investing

    How To Analyze ETFs With Bloomberg

    Tips on how to screen, evaluate, compare, and trade ETFs using Bloomberg.
  5. Investing

    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.
  1. 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 >>
  2. How much of the profitability in the Internet sector is concentrated in the few major ...

    See how much profitability of the Internet sector is concentrated, and where the most value from Internet-based services ... Read Answer >>
  3. Why do stock prices change based on news reports?

    Stock prices move up and down due to fluctuations in supply and demand. This relationship is tied into news reports that ... Read Answer >>
Hot Definitions
  1. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  2. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  3. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
  4. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  5. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  6. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
Trading Center