A Bloomberg terminal with a multi-monitor set-up composed of six screens
Developer(s)
Bloomberg L.P.
Initial release
December 1982
Operating system
Microsoft Windows Other systems (using Citrix Receiver)
Type
Electronic trading platform Financial software
License
Proprietary
Website
Official website
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The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform.[1] It was developed by employees working for businessman Michael Bloomberg. The system also provides news, price quotes, and messaging across its proprietary secure network. It is well known among the financial community for its black interface, which has become a recognizable trait of the service.[2] The first version of the terminal was released in December 1982.
Most large financial firms have subscriptions to Bloomberg Professional Services. Many exchanges charge their own additional fees for access to real time price feeds across the terminal. The same applies to various news organizations.
All Bloomberg Terminals are leased in two-year cycles (in the late 1990s and early 2000s, three-year contracts were an option), with leases originally based on how many displays were connected to each terminal (this predated the move to Windows-based application). Most Bloomberg setups have between two and six displays. As a data analytics and electronic trading platform, the Bloomberg terminal is available for an annual fee of around $24k per user or $27k per year for subscribers that use only one terminal.[3] As of 2022, there were 325,000 Bloomberg Terminal subscribers worldwide.[4]
^"Bloomberg Professional Services". Bloomberg. Archived from the original on March 5, 2017. Retrieved February 27, 2020.
^Leca, Dominique (March 24, 2010). "The Impossible Bloomberg Makeover". UX. Archived from the original on May 16, 2017.
^Kenton, Will (July 29, 2022). "This is how much a Bloomberg terminal costs". Investopedia.
^"Bloomberg company information". Bloomberg. Archived from the original on October 13, 2016. Retrieved October 13, 2016.
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