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…
Gloomberb
71–80 of 249 posts
Re: Gloomberb
#72Earlier 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…
Re: Gloomberb
#73I 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…
Re: Gloomberb
#74Yeah... 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.
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
#75I 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…
Re: Gloomberb
#76Earlier 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.
Re: Gloomberb
#77Earlier 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.
Financial information should be free for everyone.
Re: Gloomberb
#78I 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…
> please don't write command line tools in non-compiled languages!
Around 40% of Linux CLI tools are written in interpreted languages.
Re: Gloomberb
#79Yeah... 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…
Re: Gloomberb
#80Earlier 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.