Join the discussion
Write your take first — we'll ask for email only when you're ready to publish.
- Hacker News
- this looks neat, what's the data source and latency?by hmokiguess
- Was just about to ask on data sourcing, I imagine yfinance is used but can't really tell for anything else (like for prediction markets or news data).by tolugenius
- Looks like Yahoo and the SEC for filings: https://github.com/gloom-sh/gloomberb/tree/cd82b5c61a8d0eb0d...
- 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 businesses with an original idea.by grahammccain
- > Part of the moat is the data
Not particularly. I don’t think Bloomberg has any super-proprietary data. It’s more like Excel. There is a command or two that is so weirdly niche specific that some user somewhere really needs. And it has a social network.
Bloomberg, as it is, will probably work as long as humans are in the loop in trading financial assets.
- My observation is that finance and banking and corporate functions high enough up the ladder operate more like a clubhouse than cutthroat businesses. You’d think all you need to do is make a better interface, but if you’re not part of the club, you’re not doing the business (or even getting shot at it).
- A large amount of the value is that you aren't allowed in.
- Next week, it's my turn to create an UI for financial modeling prep APIby MP_1729
- Fine, but I get to vibe next week's markdown editor.by cube00
- Bloomberg's moat is the messaging service within it, not it's aggregation of databy methodical
- People repeat this rhetoric all the time, but I promise you, finance professionals can and do easily migrate to other messaging platforms such as ICE chat. This isn't a moat for BBGby hodder
- OpenBB is/was another effort attempting to be a more open Bloomberg Terminal alternative: https://github.com/OpenBB-finance .by seltzered_
- As someone whose trading is mostly based on vibes via Reuters, X, and the Apple Stocks app, this is a fun dip in the deep end. The tiling UI is quite sensible once you get the hang of it.
The one thing I can't figure out is how to set a pane to change its ticker symbol based on the selected one in another pane. The default research panes do this, but I can't figure out how to set a new one to do it.
by mortenjorck - For news: https://biztoc.comby thm
- There's many competitors these days, one that Shkreli always seems to use in his streams is https://godelterminal.com (Not open source though).by dewey
- He created that company I believe. I interviewed at Godel long ago and would probably have received an offer but he was convicted during the interview process and they paused hiring.by eudamoniac
- Yeah... 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.by u8
- Also, and in addition, the value of the Bloomberg Terminal is not the UI, it is the consistency. You don't pay for an accelerator and a break pedal, you pay for the 100% guarantee to find them in the place >100k people have been trained to find them.by weinzierl
- Good thing they're not asking $31,980 per year for it then?by rdiddly
- Correct. Also, Bloomberg has messaging for traders that is actually an important network effect in certain domains.by mushufasa
- 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.by jimmydddd
- To be fair, I don't see anywhere on this page where they try to suggest that this is competitive with a Bloomberg terminal.by devin
- > They're paying for the data source... and I don't think you have Bloomberg's connections.
We keep seeing hundreds of Bloomberg competitors mimicking the interface and they always forget that the chat (with the connections), data and the newsroom are the reasons why Bloomberg's network effect is close to impossible to break.
Using the Bloomberg Terminal is taught very early at colleges for any finance professional, which is how they get them as well.
by rvz - > 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, CapIQ etc. There is no such thing as a cheap "Bloomberg killer".
Quality data is expensive. So are the leased-lines it arrives at Bloomberg on. So is the data wrangling architecture.
by traceroute66 - Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing:
This is fascinating to be because I always assumed latency was the key. After all, the only Bloomberg terminal I've ever seen in person was hooked up to its own dedicated fiber drop. It seems like the chat and sheer breadth of data are the differentiators.1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 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 over Bloomberg DM" 3) Bloomberg is the biggest and best aggregatorby ryukoposting - I'm a regular Joe, but finance screens seem like pure wank to me. If you work a desk in NYC, maybe it's a different story, and even then probably not, but if you're some bum nobody from LA with a little bit of money to throw around, there's absolutely nothing these things, or 6 simultaneous screens and an RGB PC case are going to tell you that give you some sort of long-term edge.
Horoscopes for young impressionable men, along with Bitcoin and all sorts of crap, was the most articulate way I've heard it.
As if technical analysis was worth more insight than pissing straight up looking for rain. Sure, it's wet.
by bellowsgulch - Useful on its own merits.
Everybody who's distracted by the name and can't get past it, there's a thread developing here somewhere, where they're comparing it to Bloomberg.
by rdiddly - ditch the name
explain where you got the data from
else this will just be bit of Bloomberg meme
by m0k167eh - the name makes it seem like it only delivers bad news
- Yeah, I think a few of the widgets here are neat and useful. It's not a Bloomberg replacement, but it might be a good replacement for a few tabs? You could get the info elsewhere, but I like this presentation more.
Edit: Ah, they're offering a pro subscription. While I appreciate that cloud services aren't free, I'm not sure that I'm willing to pay to replace a few browser tabs. Not for me, but maybe for someone!