Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing • Hacker News Board

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#131

Post by slissenburg » Thu, Feb 25, 2021, 8:38 AM UTC

mortdeus wrote: post #125

slissenburg wrote: post #90

Earlier quoted context omitted.

Watch the movie "the big short". It's really good. This is from one of the scenes where too guys try to get a license. Although the manage a few million dollars, in order to get the license they should have even more. Or as it turns out the right connections.

the book is even better.

Yep, plus that. Although I had to buy the Dutch (My native language) version too (first bought the English version). The subjects are pretty difficult so reading about them in my native language worked better for me.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#132

Post by jedberg » Thu, Feb 25, 2021, 8:42 AM UTC

The biggest thing you pay for in the Bloomberg Terminal is the chat function, which lets you talk to other people who also have $25,000 a year to spend on a Bloomberg Terminal.

But this is still pretty cool :)

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#133

Post by neop1x » Thu, Feb 25, 2021, 8:55 AM UTC

PanosJee wrote: post #128

TradingView is more than good for most users

And they even have a wonderful Pine scripting to script new indicators and strategies! TradingView can be quite memory hungry sometimes but page refresh helps in such cases.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#134

Post by ricardobayes » Thu, Feb 25, 2021, 8:59 AM UTC

Without level 2 data trading is just trying your luck on a random number generator.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#135

Post by ldng » Thu, Feb 25, 2021, 9:00 AM UTC

mvanaltvorst wrote: post #129

zymhan wrote: post #108

Earlier quoted context omitted.

No one here said anything to the contrary.

> solve [...], otherwise everything will keep going up This implies that markets going up is a problem that needs to be solved.

Market going up when the economy is going down IS a problem because when it crashes it will amplify the problem ten fold.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#136

Post by nly » Thu, Feb 25, 2021, 9:06 AM UTC

remarkEon wrote: post #78

SilverRed wrote: post #57

Earlier quoted context omitted.

I'm not sure the everyday person actually can get or even handle real time data. I spoke to someone about 4 years ago who was doing it for their startup and they said they had serious problems handling the data volume. Talking about terabytes of data coming in per day. Typical DB systems fall apart under that kind of load.

I'd like to understand a bit more about how Bloomberg Terminals are set up from an infrastructure perspective. Apologies if you don't know anything about that, but the idea that there's just "so much data" that only a Bloomberg Terminal can handle it seems kind of suspect to me. Don't we have other options? Or is this all proprietary?

The key their volume though is they don't really have hard latency constraints. Most of the data flowing through the Terminal is still for human eye balls and inaccurate or laggy data is tolerated. It's not a low latency product.

They do have an API offering but you're unlikely to find serious trading shops using it except as a backup feed.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#137

Post by junippor » Thu, Feb 25, 2021, 9:09 AM UTC

tiingo.com is free.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#138

Post by berkes » Thu, Feb 25, 2021, 9:15 AM UTC

TheAdamist wrote: post #49

Should probably rewrite it in rust, to solve the markets memory leaks, otherwise everything will keep going up.

I know you are joking.

But asides from the securities offered by the typing system and borrow checker, Rust (and Go; and maybe others to some extend) have going for them is that the compiled binary is "OOTB".

I'm on ubuntu, and it seems all python tooling is there to start running Gamestonks Terminal. But more often then not, getting a Python, Nodejs or Ruby project running requires a lot of fiddling, insider-information (what is npx, why did pipenv just break my entire desktop, why is this 'rbenv' thing giving these weird 'RVM' errors?).

A rust project: download it, unzip it, run it. A very short Daft Punk song, really.

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#139

Post by kebman » Thu, Feb 25, 2021, 9:18 AM UTC

ErikAugust wrote: post #26

"...that has been developed for fun, while I saw my GME shares tanking." "Spare time"... Wasn't that only several weeks ago? This is an incredible feature set! How many hours did you put into this?

It was "an overnight success" after practising for 15 years. :)

Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing

#140

Post by blurbleblurble » Thu, Feb 25, 2021, 9:24 AM UTC

jedberg wrote: post #132

The biggest thing you pay for in the Bloomberg Terminal is the chat function, which lets you talk to other people who also have $25,000 a year to spend on a Bloomberg Terminal. But this is still pretty cool :)

This has that too, it's called "reddit"