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Gloomberb

gloom.sh

71–80 of 249 posts

Re: Gloomberb

#71

I don't think the finance field needs a better bloomberg, I think the whole interface and everything needs to be rethought. Part of the moat is the data, and data access. But I think we need to completely reimagine the terminal interface and interactions with the introduction of AI. The finance industry probably will be slow to adapt, but I genuinely think someone could completely disrupt 99% of the wall street busin…

My observation is that finance and banking and corporate functions high enough up the ladder operate more like a clubhouse than cutthroat businesses. You’d think all you need to do is make a better interface, but if you’re not part of the club, you’re not doing the business (or even getting shot at it).

Re: Gloomberb

#72

Earlier quoted context omitted.

I get that, was more curious if you knew how much that is used for signaling and the traffic there. I sort of expected these communities to exist in other sources (like regular SMS / Slack / private back channels etc).

I'm going to copy-paste one of the comments from ryukoposting higher up in the thread because I think it's relevant here: > 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then tell the back office folks to execute the trade. Direct quote: "I'd wager 90% of the ~400 trillion in annual bond trading value happens o…

Thank you, that was the piece I wasn't aware of! Appreciate the reposting.

Re: Gloomberb

#73
post #64

I really wish people would mention their stack when they have these curl install scripts. I'd rather use a real package manager, but I'm not totally against installing a compiled binary this way. I am, 100%, not going to install some Java/Type-script nightmare like this though. How is it resolving the dependencies? Is it installing some version of node, bun... on my machine? How's that working with other versions I h…

I know where you're coming from. I've been worried about all the supply chain attacks on npm too. And I'm far from a security expert. However, if you're okay with installing binary packages via `curl somesite.com | sh` I don't think you are in a better position with regards to security.

Re: Gloomberb

#74
post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

Financial companies are cutting down on the amount associates can bill the firm for a $30 dinner, and the time before they can have the firm pay for a $30 car ride home. They definitely wouldn't pay for Bloomberg if it could be easily replaced.

Skipping a dinner is not losing you much money.

Making a bad trade or missing a good one due to delaying data or bad data can pay for several years worth of bloombergs for everyone in your firm in one moment.

Re: Gloomberb

#75
post #64

I really wish people would mention their stack when they have these curl install scripts. I'd rather use a real package manager, but I'm not totally against installing a compiled binary this way. I am, 100%, not going to install some Java/Type-script nightmare like this though. How is it resolving the dependencies? Is it installing some version of node, bun... on my machine? How's that working with other versions I h…

Agree. If you really want to know what's used here: probably uses bun single-file executables[0] so shouldn't clash with anything else on your system.

[0] https://bun.com/docs/bundler/executables

Re: Gloomberb

#76

Earlier quoted context omitted.

It's funny to think some of the world's largest trades are being done in something that resembles a game's tradechat. (WTS bonds)

I find it a bit less funny. There is this perception that what finance people do is super important and grown up but following a brief stint in the industry I realised it literally is just a game. We used to trade bits of stationery and trading cards for fun at school. They never stopped. The only difference is people who never consented to any of this are paying for it all, especially when it all goes wrong.

That should have been obvious from the mere fact that the bottom rungs are almost completely populated by silver-spooned nepo-babies.

Re: Gloomberb

#77
post #22

Earlier quoted context omitted.

To be fair, I don't see anywhere on this page where they try to suggest that this is competitive with a Bloomberg terminal.

Seriously. I see a cool product that someone built and is sharing with the community, and the top comment is basically a criticism that it's not a $31k terminal.

It is almost like they want to be ripped off, the massive amount of gatekeeping is bizzare.

Financial information should be free for everyone.

Re: Gloomberb

#78
post #64

I really wish people would mention their stack when they have these curl install scripts. I'd rather use a real package manager, but I'm not totally against installing a compiled binary this way. I am, 100%, not going to install some Java/Type-script nightmare like this though. How is it resolving the dependencies? Is it installing some version of node, bun... on my machine? How's that working with other versions I h…

The source is prominently linked: https://github.com/gloom-sh/gloomberb

> please don't write command line tools in non-compiled languages!

Around 40% of Linux CLI tools are written in interpreted languages.

Re: Gloomberb

#79
post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

> They're paying for the data source Yup. If you want fixed-income data, Bloomberg is the only shop on the street data-wise. If you want other financial data, Bloomberg's fixed entry-point pricing tends to make more sense in terms of bang for buck than its competitors modular price sheets. People saying Bloomberg is just about the chat are simply embarrassing themselves. Look at the price sheets of Eikon, Factset, Ca…

This is what is wrong with the world today.

Re: Gloomberb

#80

Earlier quoted context omitted.

It's funny to think some of the world's largest trades are being done in something that resembles a game's tradechat. (WTS bonds)

I find it a bit less funny. There is this perception that what finance people do is super important and grown up but following a brief stint in the industry I realised it literally is just a game. We used to trade bits of stationery and trading cards for fun at school. They never stopped. The only difference is people who never consented to any of this are paying for it all, especially when it all goes wrong.

Why would a trader need your consent to make a trade with somebody else?
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