What is the Bloomberg Terminal?
To understand the need for alternatives to Bloomberg Terminal, it's useful to understand what this software application does, with its advantages and disadvantages. This is a computer software system you can use to both monitor various financial markets and make trades. It provides you with relevant news, price quotations and built-in messaging across a secure network. It's based on Windows, which gives it compatibility with popular software like Excel. You can also use it on a mobile device like a smartphone through the Bloomberg Anywhere service