{"id":7685,"date":"2022-04-11T10:40:58","date_gmt":"2022-04-11T09:40:58","guid":{"rendered":"https:\/\/www.simtrade.fr\/blog_simtrade\/?p=7685"},"modified":"2022-04-11T10:40:58","modified_gmt":"2022-04-11T09:40:58","slug":"bloomberg","status":"publish","type":"post","link":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/","title":{"rendered":"Bloomberg"},"content":{"rendered":"

Bloomberg<\/h1>\n

\"Louis<\/a><\/p>\n

In this article, Louis DETALLE<\/a> (ESSEC Business School, Grande Ecole<\/i> Program – Master in Management, 2020-2023) explains everything there is to know about Bloomberg LP, the international leader in the data-providing market…<\/p>\n

Quick presentation of the company<\/h2>\n

Bloomberg LP is an American financial group specialized in services to financial market professionals and in economic and financial information. Bloomberg operates as a news agency and via numerous media such as TV, radio, press, internet, and books. The company was founded in 1981 by Michael Bloomberg, former mayor of New York City.<\/p>\n

In its early days, Bloomberg LP\u2019s activities were only based on the exploitation of a historical database of US Treasury yield curves, bought by the founder to its former employer, the investment bank Salomon Brothers. After that, the company added on its terminals a messaging system, retransmissions of financial assets\u2019 prices and developed financial news flows long before the watershed of Internet.
\nIn 1990, Michael Bloomberg installed his 1,000th terminal.<\/p>\n

Type of people working at Bloomberg (types of jobs)<\/h2>\n

The careers available at Bloomberg LP are numerous and very diverse. The Board\u2019s needs in terms of employees mainly consist of software designers to help design the Bloomberg\u2019s terminals, sectorial financial specialists in order to provide precise and adequate analysis.
\nFinally, the last kind of profiles that Bloomberg needs are journalists and more broadly, people with great writing abilities since Bloomberg LP produces a huge flow of written articles every day. Bloomberg News for instance (one of many Bloomberg LP\u2019s subsidiaries) has over 10 000 employees which gives an idea of the written flow emitted by the company.<\/p>\n

Main competitors<\/h2>\n

As Bloomberg\u2019s activities are very diverse, we will classify the main competitors of the American firm in respect to the activities.
\nFor Bloomberg\u2019s core business, which is the terminals, Thomson Reuters is the most natural competitor in this space (with products like Kobra, Eikon, D3000). The terminal business is built on a fantastic technology platform that provides comprehensive financial information. There are other competitors, such as Dow Jones Industrial Average FX Trader, which have specialized in one type of industry whereas Bloomberg remains a generalist.<\/p>\n

Bloomberg’s editorial branch\u2019s main competitors would be Reuters, the FT, the Wall Street Journal, and other traditional financial news companies. The same goes for their TV\/radio operation (their competitor would be CNBC).<\/p>\n

Use of data in financial markets<\/h2>\n

The explosion of financial data, enabled by the Internet tremendous potential, caused an explosion of demand for financial data. As evidenced in 2006 by the British mathematician and Tesco marketing mastermind Clive Humby\u2019s quote, \u201cData is the new oil\u201d, the data market seems to be limitless.<\/p>\n

In addition, as Bloomberg acquires many of his competitors, such as BNA and BusinessWeek, this contributes to curbing the number of data providers and improving the monopoly of Bloomberg on the data-providing market.<\/p>\n

Useful resources<\/h2>\n

Bloomberg<\/a><\/p>\n

Thomson Reuters<\/a><\/p>\n

Related posts on the SimTrade blog<\/h2>\n

   ▶ Louis DETALLE Understand the importance of data providers and how they influence global finance\u2026<\/a><\/p>\n

   ▶ Louis DETALLE Reuters<\/a><\/p>\n

About the author<\/h2>\n

The article was written in March 2022 by Louis DETALLE<\/a> (ESSEC Business School, Grande Ecole<\/i> Program – Master in Management, 2020-2023).<\/p>\n","protected":false},"excerpt":{"rendered":"

Bloomberg In this article, Louis DETALLE (ESSEC Business School, Grande Ecole Program – Master in Management, 2020-2023) explains everything there is to know about Bloomberg LP, the international leader in the data-providing market… Quick presentation of the company Bloomberg LP is an American financial group specialized in services to financial market professionals and in economic … Read more<\/a><\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,9],"tags":[88,170,501],"class_list":["post-7685","post","type-post","status-publish","format-standard","hentry","category-contributors","category-financial-news","tag-bloomberg","tag-data","tag-reuters"],"yoast_head":"\nBloomberg - SimTrade blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg\" \/>\n<meta property=\"og:description\" content=\"Bloomberg In this article, Louis DETALLE (ESSEC Business School, Grande Ecole Program – Master in Management, 2020-2023) explains everything there is to know about Bloomberg LP, the international leader in the data-providing market… Quick presentation of the company Bloomberg LP is an American financial group specialized in services to financial market professionals and in economic ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\" \/>\n<meta property=\"og:site_name\" content=\"SimTrade blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/fr-fr.facebook.com\/simtrade.fr\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-11T09:40:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg\" \/>\n<meta name=\"author\" content=\"Louis DETALLE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@simtrade\" \/>\n<meta name=\"twitter:site\" content=\"@simtrade\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Louis DETALLE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\"},\"author\":{\"name\":\"Louis DETALLE\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/4d68176196e72a5f89cc6cc72393be97\"},\"headline\":\"Bloomberg\",\"datePublished\":\"2022-04-11T09:40:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg\",\"keywords\":[\"Bloomberg\",\"Data\",\"Reuters\"],\"articleSection\":[\"Contributors\",\"Financial news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\",\"name\":\"Bloomberg - SimTrade blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg\",\"datePublished\":\"2022-04-11T09:40:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg\",\"contentUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg\",\"width\":400,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bloomberg\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#website\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/\",\"name\":\"SimTrade blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization\",\"name\":\"SimTrade\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg\",\"contentUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg\",\"width\":940,\"height\":126,\"caption\":\"SimTrade\"},\"image\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/fr-fr.facebook.com\/simtrade.fr\/\",\"https:\/\/x.com\/simtrade\",\"https:\/\/www.linkedin.com\/company\/sim-trade\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/4d68176196e72a5f89cc6cc72393be97\",\"name\":\"Louis DETALLE\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/27cbecc71492c2ceb43ad156a8365595b269205f483521f6667d209283003945?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/27cbecc71492c2ceb43ad156a8365595b269205f483521f6667d209283003945?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/27cbecc71492c2ceb43ad156a8365595b269205f483521f6667d209283003945?s=96&d=mm&r=g\",\"caption\":\"Louis DETALLE\"},\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/author\/ldetalle\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bloomberg - SimTrade blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/","og_locale":"en_US","og_type":"article","og_title":"Bloomberg","og_description":"Bloomberg In this article, Louis DETALLE (ESSEC Business School, Grande Ecole Program – Master in Management, 2020-2023) explains everything there is to know about Bloomberg LP, the international leader in the data-providing market… Quick presentation of the company Bloomberg LP is an American financial group specialized in services to financial market professionals and in economic ... Read more","og_url":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/","og_site_name":"SimTrade blog","article_publisher":"https:\/\/fr-fr.facebook.com\/simtrade.fr\/","article_published_time":"2022-04-11T09:40:58+00:00","og_image":[{"url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg","type":"","width":"","height":""}],"author":"Louis DETALLE","twitter_card":"summary_large_image","twitter_creator":"@simtrade","twitter_site":"@simtrade","twitter_misc":{"Written by":"Louis DETALLE","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#article","isPartOf":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/"},"author":{"name":"Louis DETALLE","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/4d68176196e72a5f89cc6cc72393be97"},"headline":"Bloomberg","datePublished":"2022-04-11T09:40:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/"},"wordCount":535,"publisher":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization"},"image":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage"},"thumbnailUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg","keywords":["Bloomberg","Data","Reuters"],"articleSection":["Contributors","Financial news"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/","name":"Bloomberg - SimTrade blog","isPartOf":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage"},"image":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage"},"thumbnailUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg","datePublished":"2022-04-11T09:40:58+00:00","breadcrumb":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#primaryimage","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg","contentUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2022\/02\/img_SimTrade_Photo1_Louis_Detalle.jpg","width":400,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/bloomberg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.simtrade.fr\/blog_simtrade\/"},{"@type":"ListItem","position":2,"name":"Bloomberg"}]},{"@type":"WebSite","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#website","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/","name":"SimTrade blog","description":"","publisher":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.simtrade.fr\/blog_simtrade\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization","name":"SimTrade","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg","contentUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg","width":940,"height":126,"caption":"SimTrade"},"image":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/fr-fr.facebook.com\/simtrade.fr\/","https:\/\/x.com\/simtrade","https:\/\/www.linkedin.com\/company\/sim-trade"]},{"@type":"Person","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/4d68176196e72a5f89cc6cc72393be97","name":"Louis DETALLE","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/27cbecc71492c2ceb43ad156a8365595b269205f483521f6667d209283003945?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/27cbecc71492c2ceb43ad156a8365595b269205f483521f6667d209283003945?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/27cbecc71492c2ceb43ad156a8365595b269205f483521f6667d209283003945?s=96&d=mm&r=g","caption":"Louis DETALLE"},"url":"https:\/\/www.simtrade.fr\/blog_simtrade\/author\/ldetalle\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts\/7685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/comments?post=7685"}],"version-history":[{"count":0,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts\/7685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/media?parent=7685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/categories?post=7685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/tags?post=7685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}