It probably won’t be nearly as expensive as a Bloomberg terminal?

qeternity · on April 1, 2022

> It probably won’t be nearly as expensive as a Bloomberg terminal?

Bloomberg is not expensive. It costs a lot of money, but that doesn't make it expensive (it's 100% worth it).

The issue is that IB (Bloomberg chat) has become so integral to the operations of many financial institutions that people end up subscribing just for that (i.e. sales, MO/BO, etc) and don't use much else.

But if you're an analyst/trader/PM/RM it's peanuts for the core tool that you will spend most of your day inside or connected to.

fgh · on April 1, 2022

Well, if the sources of financial data will remain to be AlphaVantage and Reddit, yes, but as soon as they would get the really interesting data, I don't think they could keep the prices low. Even only access to one IBOR from the administrator can cost you a lot.