I've been working on something similar! Hahah, money is a great motivator, isn't it?
Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
61–70 of 314 posts
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#62Should probably rewrite it in rust, to solve the markets memory leaks, otherwise everything will keep going up.
this comment is underrated
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#63How does an everyday person get the real time market data that this would theoretically need to invest to compete with a Bloomberg terminal?
Interestingly enough, as someone with both Bloomberg terminal and FactSet subscriptions, I still don't have real-time market data for most asset classes and securities. Those are actually add-on costs that I don't need for my research (I'm not a trader). The value for me (again not a trader) comes from having 25 years of robust fundamental and market data along with powerful portfolio analysis tools and models.
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#64How good does this work for non US stocks? I don't think you should invest all your money in stocks of just one nation.
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#65The only thing that this shares with the bloomberg terminal is that it can do equities and is on a terminal. Sort of irks me because a bloomberg terminal can do so much more: level 2 data, trading capability, damn near instant news alerts, options, debt instrumentals + so much more - and I get it, this isn't meant for that same crowd and this is pretty well flushed out for a retail investor. But the comparison with t…
Maybe it's like a Bloomberg terminal as of a few decades ago?
I think access to market data is a challenge in trying to replicate more of the present-day Bloomberg terminal. First because it's so voluminous (as people elsewhere in this thread have said), and second because so much of it is commonly provided under license for a fee (and with nondisclosure obligations) (and also subject to the trend where people pay more to get or generate market data that's closer to real-time).
But in terms of the feature competition, I think people have upvoted this so much because it's an initial version of a single person's passion project that manages to put a whole bunch of financial information at your fingertips. With an active community (and modulo the important data access issues), it could easily grow and grow and grow in functionality.
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#66If you like stocks and are careful with the way you spend your money, you know how much time goes into buying shares of a stock. It’s tedious and I don’t have 24k for a Bloomberg terminal. Which led me to the idea during xmas break to spend the time creating my own terminal. I introduce you to “Gamestonk Terminal” (probably should’ve sent 1 tweet everyday to Elon Musk for copyrights permission eheh). In summary, the…
Wrap it in a SaaS and dummies like me will buy it! Make a mill!
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#67If you like stocks and are careful with the way you spend your money, you know how much time goes into buying shares of a stock. It’s tedious and I don’t have 24k for a Bloomberg terminal. Which led me to the idea during xmas break to spend the time creating my own terminal. I introduce you to “Gamestonk Terminal” (probably should’ve sent 1 tweet everyday to Elon Musk for copyrights permission eheh). In summary, the…
Where is the market data (price, volume, etc) from? All open source projects related to stocks seem to use Yahoo quotes, which is essentially abandoned and not supported at all. No SLA or any indication of long term survival. I found Alpaca[1] which looks decent in terms of a stock API and their upstream data provider Polygon.io[2] which looks even better but costs $199/mo for essentially per tick market data. [1] ht…
According to the docs it uses https://www.alphavantage.co/
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#68on a serious note, koyfin is really very nice and does a better job than Bloomberg, at least for equities
US and Canadian equities, anyway, and while certainly important, leaves out half the world's market capitalization. Not bad for free! But Bloomberg's value proposition and justification for the insane price is that they are a maximum product for all financial data, news, and analytics, so that no MVP could possibly do more.
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#69this is nice - it looks like it's linked against at least one GPL lib (fuzzywuzzy) though, so the MIT license almost certainly isn't allowed. looks like there's only one usage though, the other is an unused import, so may be easy to change
The MIT license is ‘allowed’. The code in itself is MIT licensed. It's just that, when compiled and linked against fuzzywuzzy, the aggregate work that results must be GPLed.
Coding against a library is usually understood to result in creating something that's a derivative work of that library.
Re: Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing
#70I like the software...