

When I first got on it I couldn't believe all the information that was available.

I'll echo this, huge resource when your dealing with a bunch of different securities in international markets, looking for financial info, etc. You can usually get a free trial for a month. Unless you are super wealthy it is obviously not worth it as a retail investor. When you work at a large firm the company gets a discount (depending on # of terminals and contract term. The platform also isn't very user friendly. As a data analytics and electronic trading platform, the Bloomberg terminal is available for an annual fee of around 24k per user or 27k per year for. If there is one thing that pisses me off about BB is that the 3rd party vendors add-ins are way overpriced. Bloomberg chat also makes it inconvenient to switch to Capital IQ or Reuters. Bloomberg has also been trying to build functions for VC/PE albeit they're still quite useless. I find Capital IQ better for IB (M&A) but for asset management/HFs/ trading Bloomberg is the best (data aggregator of financial prices/econ #s, modeling, valuation tools, statistical analysis). Bloomberg has to pay each exchange for data (you have to pay premium for real-time quotes) as well as to run operations for a huge platform that is continually growing.
