Bloomberg Terminal

Bloomberg Terminal
Bloomberg Terminal Museum.jpg
A Bloomberg Terminal on display at Bloomberg L.P.
Developer(s)Bloomberg L.P.
Initial releaseDecember 1982
Operating systemMicrosoft Windows
Other systems (using Citrix Receiver)
TypeElectronic trading
Financial software
LicenseProprietary
WebsiteOfficial website

The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform.[1] It was developed by employees working for businessman Michael Bloomberg. The system also provides news, price quotes, and messaging across its proprietary secure network. It is well known among the financial community for its black interface, which has become a recognizable trait of the service.[2] The first version of the terminal was released in December 1982.

Most large financial firms have subscriptions to Bloomberg Professional Services. Many exchanges charge their own additional fees for access to real time price feeds across the terminal. The same applies to various news organizations.

All Bloomberg Terminals are leased in two-year cycles (in the late 1990s and early 2000s, three-year contracts were an option), with leases originally based on how many displays were connected to each terminal (this predated the move to Windows-based application). Most Bloomberg setups have between two and six displays. It is available for an annual fee of $20,000 per user ($24,000 per year for the small number of firms that use only one terminal).[3] As of 2022, there were 325,000 Bloomberg Terminal subscribers worldwide.[4]

  1. ^ "Bloomberg Professional Services". Bloomberg. Archived from the original on March 5, 2017. Retrieved February 27, 2020.
  2. ^ Leca, Dominique. "The Impossible Bloomberg Makeover". UX. Archived from the original on May 16, 2017.
  3. ^ "This is how much a Bloomberg terminal costs". Archived from the original on October 1, 2013. Retrieved September 25, 2013.
  4. ^ "Bloomberg company information". Bloomberg. Archived from the original on October 13, 2016. Retrieved October 13, 2016.

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