Bloomberg's subscription

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rebeccalais
Posts: 3
Joined: Mon Nov 07, 2022 12:32 pm

Isn't Bloomberg overpriced? I saw the price of subscription price here https://www.koyfin.com/compare/bloomberg-alternative/and it costs $2,000 a month. Moreover, the company plans to increase the cost of its subscriptions by about 9% by January 1, 2023.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Seem to remember back in 05 we were paying about £5k per desk per month for Bloomberg, similar for Reuters. The api version that fed into the trading algos was close to 25k. Not big numbers compared to the benefits if that's your business but not really a retail product.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

... That Koyfin feed doesn't mention speeds? People move their office to gain a few nanoseconds so I've got a feeling that bargain basement stuff isn't comparable. If it was they'd charge the market rate. Interesting though but a comparison to Bloomberg might be stretching things.
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