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A brief history of the Bloomberg terminal

395 points · 171 comments · rbanffy

  1. rbanffy · · focus · HN ↗
    I have the highest regard for these terse, but information-dense displays that enable humans to quickly grasp all information they need to do their jobs, and nothing more. This is also something avionics provide - a modern cockpit displays are a work of art in layering needed information for what is happening at the time, both the dense PFD and the much specific that communicate aircraft status.
    1. nxobject · · focus · HN ↗
      I know it's impossible, but I've always loved to get a hands-on demo... I'd love to learn the UI patterns involved, for example. I can always make my Emacs faster to interact with, dammit!
      1. peterleiser · · focus · HN ↗
        I had occasional access to a Bloomberg terminal 20 years ago and I still miss it. I miss it a lot. I wish they offered a cheaper option for users who only need to use it infrequently. I mean, $25,000 annually is brutal if you're not a broker-dealer.
        1. CamperBob2 · · focus · HN ↗
          What does the terminal really give you that you can't get from various other data sources scattered around the Internet, like your brokerage's own API, third-party data sources, various forums and subreddits, ...? Is it just the real-time firehose nature of the thing?
          1. jll29 · · focus · HN ↗
            For instance, Bloomberg provide you with:

            - real-time data on financial instrument prices;

            - real-time news (own and syndicated);

            - an email address (firstname.lastname@bloomberg.net) used to email and chat with other professionals on the Bloomberg network. This is like LinkedIn and WhatsApp combined for people in finance, and people can keep the address for two years after e.g. losing a job, so they can use the network to find a new role.

            - analytical software: tools to calculate various KPIs to assess and analyze business opportunities.

            - capability to transact: The BB terminal is not just an information system, it also permits you to buy and sell directly.

            (My university has one BB terminal that MBA students can access and get training on.)

            1. qsi · · focus · HN ↗
              It's all that and much more. It has an enormous amount of data of all kinds that could be vaguely relevant in finance. BMAP can show you vessels (AIS data), location of LNG terminals, powerplants, bank branches, crop yield forecasts (just a few I picked off the list just now) and so much more on an interactive world map.

              And every kind of price you can think of (almost). Crack spreads? River levels? Baseload power? Airline schedules? I am trying to think of more but it's truly VAST.

              They have custom screens, configurable screens, custom settings (you want the generic futures contract to be rolled differently from the default? Sure...), option pricers and stuff I have never had to search for or look at.

              They also have their own query language BQL for data queries and the BQNT platform is Python-based and optimized for use with the data.

              If you just want the latest stock prices for your portfolio your online brokerage app probably does a better job.

              The biggest miss right now is their ASKB AI chatbot, which is borderline moronic. It has to be some older model with low thinking/effort, because the first answer it gives is always broken in some way. Hallucinated functions or fields, outright wrong descriptions, etc. I don't even try to use the first answer anymore but ask it again to check its previous answer against verified and authoritative sources/documentation and will come up with many corrections. And then I do it again, and maybe a fourth time.

              1. noisy_boy · · focus · HN ↗
                > I don't even try to use the first answer anymore but ask it again to check its previous answer against verified and authoritative sources/documentation and will come up with many corrections. And then I do it again, and maybe a fourth time.

                Maybe all they need to show massive improvement is a for loop of four iterations with the loop body being "are you sure, check the docs?" and return the result at the end.

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