[xyzelement]

Who did you hear that from?

Bloomberg provides you normalized data across all asset classes, cross asset portfolio analytics and management tools. First party trading venues, access to the world's largest broker network, immediate access to news including news sentiment indicators across the terminal offering. Access to it's own brokerage (trade book is still a thing I think), buyside and sell side Order Management platforms, APIs to feed the same stuff into your excel and servers.

Did I mention all this tooling is engineered to be compliant across regulatory regimes.

So yes chat is important and having a BB terminal definitely separates the men from the boys but that's additional to the indispensable functionality the platform itself provides.

[detourdog]

It was a single person office that acted as a black box between traders. He had aBloomberg terminal to do it all.