I suppose, so we shouldn't try breaking monopolies any more? There are plenty of examples where $big_corp is basically ubiquitous to $their_market until $competitor comes along.
The data Bloomberg uses can probably mostly be licensed outside of Bloomberg. Nothing stopping from these guys getting at least some of that data. Being it is open source, it likely means you can pick and choose your data instead of having _everything_. At which point the price can go down.
> Nothing stopping from these guys getting at least some of that data.
No mate. "some" won't cut it.
What would you say if I presented you with a pen and paper and said I was challenging Microsoft Excel ?
If we took your line of argument then I should be taken seriously because I am providing "some" of the functionality, and so what about the fact that a sheet of paper has no formulas or macros or anything else that a serious Excel user might want.
If somebody is launching a product claiming to be the next "Bloomberg killer/challenger/$insert_word_of_your_choice", then the product need to provide an equal product. Otherwise the product is, by definition, NOT challenging Bloomberg.
I mean, there's a whole ton of so-called "Bloomberg killers" that do little more than provide the same old US-markets data that any man and his dog can get hold of cheaply. And even then, they are only providing a small subset of US-market data, so they are not even competing with Bloomberg on US data.
I'm not going to repeat what I've said already here. If a product does not have data/feature parity on Bloomberg or Refinitiv, then don't waste my time.
Nobody puts everything as well together as they do. And obviously they have a massive library of unique data and functionality.
But there are thousands of competitors of all sizes.
It’s just very hard to see any of those competitors providing a free/open source alternative because the code is not a very large part of the value they provide.
I suppose, so we shouldn't try breaking monopolies any more? There are plenty of examples where $big_corp is basically ubiquitous to $their_market until $competitor comes along.
The data Bloomberg uses can probably mostly be licensed outside of Bloomberg. Nothing stopping from these guys getting at least some of that data. Being it is open source, it likely means you can pick and choose your data instead of having _everything_. At which point the price can go down.