Software that allows potential investors access to the Bloomberg data service. Advantages of a Bloomberg terminal include live access to global financial data in real time as well as news feeds and messages. They’re also used to facilitate stock and option trading. Cost of using a Bloomberg terminal ranges between $20,000 and $24,000 per year. Due to this high cost, they’re primarily used by large investment institutions, portfolio managers, and financial analysts.
We don't know everything about the markets. We're just devoted to learners. Taken from those smarter than ourselves, here's how we define Bloomberg Terminal.