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by LaurensBER 1065 days ago
Working on the buy side, I can tell you that GS is definitely not competent anymore, with all the cost cutting going on. Getting a bunch of CSV files on a SFTP server seems to be extremally challenging for them. Getting the numbers to match with what we're getting over email/on the website is impossible.

It's so bad that they're losing serious business on this despite being competitive on fees and service.

Bloomberg is great if you're big and bring a lot of money to the table. For any small/mid-size firm (think less than 5M ARR on Bloomberg licenses) the answer for even basic requests is often "we'll file an enhancement request" only for things to disappear and never get adjusted. To give an example, it's still not possible to get an hourly export of the trade history in CSV or XML on a SFTP server. There's workarounds but it's definitely not half-way competent.

1 comments

> Working on the buy side, I can tell you that GS is definitely not competent anymore, with all the cost cutting going on.

I last worked there in 2018. So my experience is a bit out-of-date.

> Bloomberg is great if you're big and bring a lot of money to the table.

My experience is from working inside of Bloomberg and trying to get stuff done. I don't know how it looks like from the outside.

Though I can tell you that eg Google was more competent on the inside when I was working there (in 2014 to 2016); but from the outside they are probably not easier to work with than Bloomberg?