How to use the Bloomberg Terminal?
How to Use Bloomberg Terminal 1. News. Type "N" then hit for general news. To access the top business or general headlines, type TOP and hit . 2. Company Information. In the EQUITY function (F8), a command can be entered to locate a description of the company,... 3. M&A Data. Deal data and specifics ...
When was the first Bloomberg Terminal released?
It is well known among the financial community for its black interface, which has become a recognizable trait of the service. The first version of the terminal was released in December 1982. Most large financial firms have subscriptions to Bloomberg Professional Services.
Why are Bloomberg and SS&C and Omgeo teaming up with DTC?
The new-found camaraderie among Bloomberg, SS&C and Omgeo is fueled in large part by regulatory changes and requirements. Until last November, Bloomberg and SS&C’s US matching services could not link to DTC because they didn’t even have the Securities and Exchange Commission’s approval to operate in the US as matching services.
How many Bloomberg Terminal subscribers are there worldwide?
, there were 325,000 Bloomberg Terminal subscribers worldwide. In 1981, Michael Bloomberg was fired from Salomon Brothers. He was given no severance package, but owned $10 million worth of equity as a partner at the firm.
What is Bloomberg Terminal?
The Bloomberg Terminal brings together real-time data on every market, breaking news, in-depth research, powerful analytics, communications tools and world-class execution capabilities — in one fully integrated solution.
When was Bloomberg Terminal launched?
Launched in 1981 , long before PCs and the internet became ubiquitous, the Bloomberg Terminal brought transparency to financial markets. It connected market participants to a groundbreaking data, analytics and information-delivery service — and revolutionized an industry.
What is Bloomberg terminal used for?
In addition to analyzing individual securities, a common use of the Bloomberg terminal is to monitor news updates and financial market movements. Here too, there is an endless array of possibilities, and which one users prefer is often a matter of personal choice.
How to use Bloomberg?
There are two ways to begin using Bloomberg. The first is to subscribe to the Bloomberg service. You can do so by contacting them (general contact number is (212) 318-2000). 1 The representative you speak with can then take down details of what you are looking for and have someone from the sales team contact you.
What does Bloomberg ticker mean?
Bloomberg Tickers. Bloomberg uses abbreviations and tickers for most of its functions. For example, someone looking for a quote on Microsoft stock would type in the symbol for Microsoft (MSFT) followed by the <EQUITY> key and then hit enter. This would bring up a menu of options relating to Microsoft stock.
How to find news on Bloomberg?
The best place to begin looking for news on Bloomberg is by typing <TOP> or <NEWS> and then hitting <ENTER>. These function bring up a page of the top news stories of the day, which are updated on an ongoing basis. Selecting any of these headlines will bring up the full story. Within the <TOP> function, there are additional sub-menus that will allow you to view news stories that are filtered by asset class, geographic region, or topic. For instance, you can choose to see the top worldwide stories, the top U.S. stories, or the top stories for stocks, for bonds, or for almost any other category you choose. You can also (if you are using your own personal Bloomberg) choose to set the default for top news to whichever category you prefer, so that when you type in <TOP> you see the news category that is most important to you. The screenshot below shows an example of the screen for top worldwide news headlines.
How to find ticker symbol?
If you are uncertain what the ticker symbol is for a security you want to look at, you can find the ticker by hitting the key for the asset class you are looking at followed by <TK>. For example, if you wanted to analyze Microsoft stock but didn't know the ticker, you could hit <equity> <TK> and then type in Microsoft and the ticker would appear. Note: using this function will pull up a list of all the tickers for that company. For instance, if a stock is listed on multiple exchanges, all of them will appear. Therefore, it is important to make sure you select the correct security from the list when using this function (for instance, in this example most users would be seeking the ticker for Microsoft stock listed on the Nasdaq stock exchange).
How to get information on Bloomberg?
You will notice that there is a green <HELP> key on the Bloomberg keyboard. This key can be your best friend, especially when you are new to the system. By hitting the help key once, you can get information about the screen that you are currently viewing. Hitting help twice - <HELP> <HELP> - will send an instant message to the Bloomberg help desk. You can then ask your question via live chat with a Bloomberg specialist who can guide you on using the terminal as well as on whatever particular function you are trying to access.
What does "des" mean in Bloomberg?
The "des" is the abbreviation for description pages on Bloomberg , and this common function will provide a good general overview of most securities.
Who Uses The Bloomberg Terminal?
The Bloomberg Terminal is often described as a supercomputer that Wall Street professionals cannot live without. A Bloomberg Terminal subscription costs around $20,000 to $24,000 per year, but that does not stop its customer base from renewing their subscriptions because of how useful it is.
When was the Bloomberg terminal invented?
The Bloomberg Terminal officially made its debut in 1982, and the rest is history.
How many screens does Bloomberg Terminal have?
In a corporate setting, the Terminal runs on usually two, but sometimes four to six screens. In terms of hardware, to use the Bloomberg Terminal, you need a Bloomberg-native PC-style keyboard called the Starboard, which on top of your regular QWERTY keys, contains red, blue, green, and yellow keys for specific functions.
What is Bloomberg Map?
Bloomberg Map is essentially Google Maps, but more detailed and tailored to the finance industry. Using geospatial data, the map presents users with a visualization of natural disasters unfolding worldwide, so commodity trackers are aware of the impacts of natural disasters on commodities such as oil and gold.
What is the help button on Bloomberg?
The HELP button is perhaps the most useful key for those who are just starting out. If you have any questions about anything on the Terminal, just hit the key once, and a Bloomberg specialist will be there to start a live chat with you to solve your queries. Why bother Googling anymore?
Why do universities use terminals?
This is because more higher education institutions are subscribing to the Terminal so that students can gain hands-on knowledge about financial markets.
Can you message someone on Bloomberg?
Those in the industry chat over Bloomberg Messaging, which is basically Facebook Messenger but on Bloomberg. It allows you to message anyone who is on the Terminal. This means that anyone in the industry can technically contact each other instantly.
What is DTC settlement?
DTC provides (i) settlement services for virtually all equity, corporate and municipal debt trades and Money Market Instruments in the U.S. Approximately 1.4 million settlement-related transactions per day, with a value of approximately $600 billion, are completed at DTCC in an efficient and risk-controlled process and (ii)central safekeeping and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. Asset services include: underwriting, corporate actions processing, securities processing, global tax services and issuer services.
How to hold DTC securities?
There are three ways in which a DTC-eligible security can be held: Street name (least expensive / lower risk) When an investor holds shares this way, the investor’s name is listed on its brokerage firm’s books as the beneficial owner of the shares. The brokerage firm’s name is listed in DTC’s ownership records.
How to learn more about DTC?
Issuers can learn more about DTC and its role as a central securities depository by visiting: Issuer Services or by reviewing the informative booklet, “ Lifecycle of a Security .” For additional questions please e-mail [email protected].
How does DTC work?
DTC works with issuers and their authorized agents to announce and process corporate actions in a timely and efficient manner, with heightened emphasis on risk reduction as the volume and complexity of corporate actions continues to increase.
What is a DTC underwriting?
DTC participants include banks, broker/dealers and other firms that act as underwriters of new issues, as well as other types of financial service institutions. An issuer seeking for an issue to become DTC eligible should work through a DTC participant that is willing to sponsor the eligibility process for the security. A participant may submit an eligibility request through DTC’s Underwriting Service at the time a security is initially offered and distributed to the marketplace, or at a later time for older issues that are not already DTC eligible. DTC’s Underwriting area may be consulted for specific eligibility requirements.
Why do stock exchanges require DTC?
Throughout the lifecycle of a security, DTC helps boost efficiencies, reduce risk and lower costs for participants, issuers and investors. The benefits begin with the eligibility/underwriting process, which enables the initial distribution ...
What is a DTCC?
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides industry-leading solutions to safeguard the world’s financial markets. For more than 40 years, we have served as the premier post-trade market infrastructure in the industry, advancing the automation, centralization, standardization and streamlining of processes critical to the markets’ safety and soundness. Today, we stand at the center of global trading activity, processing trillions of dollars of securities transactions on a daily basis. We serve as the centralized clearinghouse for more than 50 exchanges and equity platforms, maintaining multiple data and operating centers worldwide providing strong business continuity and around the-clock support. User owned and governed, DTCC serves the needs of clients from initial onboarding through trading, clearance, settlement, asset servicing and data reporting.
What is Bloomberg terminal?
The Bloomberg Terminal is a combined platform that provides news, trading stats, and financial data to 3 hundred thousand clients globally. This terminal is the professional service of Bloomberg, and more than 4 thousand computer technicians manage this global service. An all-access subscription of Bloomberg offers unrestricted access to its news and headlines on any device or PC. This subscription also enables you to access its information on different platforms, including live streams of Bloomberg TV, Apple News, and Google Play Newsstand.
What does the Bloomberg subscription cost?
The following stats will show you the cost of Bloomberg all-access subscription:
Who should use the Bloomberg All Access subscription?
The price of Bloomberg all-access subscriptions is high. It is generally useful for large-scale investing institutes, office managers, and economic interpreters. It also helps business investors to perform stock analyses of buying and selling from more than one thousand sources.
What is Bloomberg?
Bloomberg is an unusual software created in 1981 by Michael Bloomberg (the former mayor of New York City). Since then, this platform is providing services for WST (Wall Street Trading).
How much does Bloomberg cost?
After three months, you will switch to a regular monthly subscription. A regular all-access subscription of Bloomberg costs $39.99 per month.
How much does it cost to join Medium?
If you thinking about joining Medium, becoming a Medium member for $5 a month would be a nice move and you can read all articles on Medium for a month. You can join through my link given below and can read mine and thousands of other writers' stories on Medium.
Where is Bloomberg located?
Its head office is in New York (USA).
What is Bloomberg terminal?
Bloomberg Terminal. 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 ...
When was the first version of Bloomberg terminal released?
The first version of the terminal was released in December 1982 . Most large financial firms have subscriptions to Bloomberg Professional Services.
How much does a Bloomberg keyboard weigh?
The Bloomberg keyboard has traditionally been heavier and sturdier than standard keyboards (a previous version, the SEA100 Bloomberg keyboard weighed around 3 kg ) with 3mm key travel and 19mm key pitch; it also comes with built-in speakers for multimedia features.
How many screens does Bloomberg have?
A Bloomberg terminal with a multi-monitor set-up composed of six screens. With a "B-unit" as a portable alternative to the fingerprint scanner on a Bloomberg custom keyboard, users can remotely access Bloomberg Anywhere services from any computers (both PCs and Mac devices) via the internet.
What was Michael Bloomberg's job?
In 1981, Michael Bloomberg was fired from Salomon Brothers. He was given no severance package, but owned $10 million worth of equity as a partner at the firm. Using this money, Bloomberg, having designed in-house computerized financial systems for Salomon, set up a data services company named Innovative Market Systems (IMS) based on his belief that Wall Street would pay a premium for high-quality business information, delivered instantaneously on computer terminals in a variety of usable formats. The company sold customized computer terminals that delivered real-time market data, financial calculations and other analytics to Wall Street firms. At first, the machine was called the Market Master terminal, but later became known as the Bloomberg Terminal or simply "The Bloomberg". The terminal was released to market in December 1982. Merrill Lynch became the company's first customer, purchasing a 30% stake in IMS for $30 million in exchange for a five-year restriction on marketing the terminals to Merrill Lynch's competitors. In 1984, Merrill Lynch released IMS from the restriction.
How long is Bloomberg terminal lease?
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.
What is a terminal?
The terminal implements a client-server architecture with the server running on a multiprocessor Unix platform. The client, used by end users to interact with the system, is a Windows application that typically connects directly through a router provided by Bloomberg and installed on-site. End users can also make use of an extra service ( Bloomberg Anywhere) to allow the Windows application to connect via internet/IP, or Web access via a Citrix client. There are also applications that allow mobile access via Android, BlackBerry, and iOS. The server side of the terminal was originally developed using mostly the programming languages Fortran and C. Recent years have seen a transition towards C++ and embedded JavaScript on the clients and servers.
Installation and Access
Basic Navigation
- The Bloomberg terminal, from the perspective of the end-user, is a Windows-based application, making it compatible with the popular Excel program, a very important aspect of the system for those in the finance industry. Bloomberg also offers users access to the application online and through mobile devices, via its Bloomberg Anywhere service.4 For portfolio managers and broke…
News and Market Monitors
- In addition to analyzing individual securities, a common use of the Bloomberg terminal is to monitor news updates and financial market movements. Here too, there is an endless array of possibilities, and which one users prefer is often a matter of personal choice. However, there are a couple of common screens that can serve as a starting point for new users. Note: When in doub…
Economics
- In addition to monitoring market indices and news headlines, the Bloomberg terminal can also be used to monitor economic forecasts and releases. By typing you can access the main economics page.16 This page gives a listing of all upcoming economic data releases, as well as consensus forecasts of what economists at major banks and brokerages are predicting those numbers will …
Analyzing Securities and Currencies
- In addition to monitoring news and markets, Bloomberg can also be used to analyze individual securities. In fact, the analytics available in Bloomberg are quite robust, and they cover a number of major asset classes including equities, fixed income, currencies, commodities, mutual funds and ETFs. This guide will attempt to cover some of the basic functions that are available. To lear…
Tips and Tricks
- Because Bloomberg has such a robust suite of analytics and market capabilities, getting the system to do what you want it to can be a challenge, at least until you become familiar with it. Fortunately, there are some tricks that can speed up your learning curve. Make use of the function: Bloomberg provides excellent customer support; make use of it by hitting the key whe…
The Bottom Line
- This basic guide to Bloomberg has provided an introduction to one of the most practical tools participants in the financial markets can use. Unfortunately, Bloomberg can be expensive, which means that having a home system may not be practical for many readers. On the positive side though, it is often possible to access a Bloomberg terminal through a public site such as a librar…