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Comment by giantdude | Hacker News Reader

Bloomberg terminal is the ultimate device for making information not available to people, so traders can front-run customers, collude, do backroom deals, and other nefarious stuff. I am surprised sheeple don't consider that a crime.

I don't think it's the terminal that we are missing, it's transparency.

But hey, why not!

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Wut?

For example the entire Libor manipulation scandal came about because literally every interaction is on bbg logged for compliance purposes. I'll venture a guess you've never even been in a room with one. Possibly building.

If it's in the Bloomberg Terminal, it's already table stakes. Front-running anything based on Bloomberg data is basically laughable, if you ask any big player in the financial industry.

Oh c'mon. Anybody who's anybody who wants to pay the terminal fee can play too. As far as I understand it, sales/marketing at Bloomberg like it that way. Thou does protest too much.

At the low low price of $2k+ per month...

Is it 250x better than a blue tick next to your name? I would say yes.

This is silly. When your $2000/month doesn't give you $2000/month value for all the stuff it has ... Feel write to write a complete replacement or complain to sales. Complaining isn't an argument, so you prob won't get far there. Now you can also write your own with smaller scope. That's totally legit. But don't write it's Bloomberg like or as expansive. People in the biz know better much better. You know darn well you would not charge 2, 20, 200, or $750/month for a complete replacement you wrote ... Who'd invest knowing the zillions you spent making it and with investors knowing bbg set a higher benchmark with reason?

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