Market data is a big thing these days. Just ask the London Stock Exchange, which offered to buy Thomson Reuter’s data provider Refinitiv for $27 billion just a few weeks ago.
There are 2 main market data providers out there today: Bloomberg, and Refinitiv.
If you’re a trader or banker working in an institutional setting, you pretty much have to use Bloomberg, there no choice about it. Data aside, most market players will only recognise Bloomberg screenshots, and if you’re a trader the chat function in Bloomberg is just impossible to give up.
But these 2 platforms cater mainly to institutional investors. A Bloomberg terminal goes for $2000 a month, so as retail investors, we’re just not going to be able to buy one to leave it lying around at home.
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