Reuters Terminal with Thomson Reuters Eikon vs. Bloomberg?
Is Thomson Reuters Eikon an Acceptable Substitute for Bloomberg?
thomson eikon vs. bloomberg
Our users shared that Thomson Eikon is the newer, more affordable platform while Bloomberg is the industry leader with its advantage being its chat functionality that is widely used across the street.
I work in BO, and we use both - but Bloomberg is definitely more accessible and hence more frequently used.
If you've never used Bloomberg before, you'll find EIKON much easier to use. As the previous posters have said, BB is much more widely used because it's just been around much longer. EIKON is fairly new and has some pretty cool features. I would go so far as to say, even with the current debacle facing BB, EIKON will never be able to take its place. So although knowing your way around EIKON is beneficial, I would say it's not a substitute to BB is any way.
Yes and no! You might think that Bloomberg might have more information than Eikon, but that's not true. It's actually the other way around.The Bloomberg interface has stayed the same for the longest time since it came to life (one reason is because a lot of traders and users are elders, and it is better not to change anything too much), whereas Eikon is Reuters' new million dollar baby that basically looks and works just like a web browser, where you can open lots of tabs and maneuver around.
Personally, I think the only thing that sets Bloomberg apart is their "connectivity to the market." By that, I mean when you are on Bloomberg, you are connected to everyone using it. You can use instant messaging system to chat with your friends or fellow traders as well as get instant assistance from the help desk ("HELP" x2). The fact that you are connected to other users mean that if you have been using Bloomberg for a long time, you might feel that it is your community and that it is where you belong.
You can check out some of the features offered by Eikon below and you can read more about the platform on their website.
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I work in BO, and we use both - but Bloomberg is definitely more accessible and hence more frequently used.
Bloomberg is more expensive but more widely used.
If you've never used Bloomberg before, you'll find EIKON much easier to use. As the previous posters have said, BB is much more widely used because it's just been around much longer. EIKON is fairly new and has some pretty cool features; however, parts of it are still in BETA testing. I would go so far as to say, even with the current debacle facing BB, EIKON will never be able to take its place. So although knowing your way around EIKON is beneficial, I would say it's not a substitute to BB is any way.
Yes and no! You might think that Bloomberg might have more information than Eikon, but that's not true. It's actually the other way around.
The difference between Bloomberg and Eikon lies in the user interface of the platform. The Bloomberg interface has stayed the same for the longest time since it came to life (one reason is because a lot of traders and users are elders, and it is better not to change anything too much), whereas Eikon is Reuters' new million dollar baby that basically looks and works just like a web browser, where you can open lots of tabs and manoeuver around (a few years ago, Reuters has Thomson One, and it is basically a very old looking software like Bloomberg).
Personally, I think the only thing that sets Bloomberg apart is their "connectivity to the market." By that, I mean when you are on Bloomberg, you are connected to everyone using it. You can use instant messaging system to chat with your friends or fellow traders as well as get instant assistance from the help desk ("HELP" x2). The fact that you are connected to other users mean that if you have been using Bloomberg for a long time, you might feel that it is your community and that it is where you belong. Anyway, I was going to say that Bloomberg have fabulous user support, and they are always constantly developing and introducing new and cool tools when you request for it.
Yup! Let me know if you have any other questions.
Hi Happyivey,
I read your the comment you made last year about Bloomberg and reuters. I think you have wide knowledge about both product. do you mind to answer my question related to the products?
Hi. I am a student from Australia. My team was told to compare reuters and capital IQ and bloomberg. do you know which one is better in terms of have more coverage?
Thanks.
Hi LAKaugust,
No problem! May I ask what type of coverage you are talking about?
Im using EIKON right now and I need to create a dataset of different companies arranged by ratios, financials, fundamentals data on the columns. I was trying to learn how to do it from the training help, but I can't find any information, app or way to do so.
I would really appreciate someone to give me some tips on how to create a dataset of companies and their financial data.
It's now April 2014 and Eikon v4 is now in use. Honestly I don't know if it makes a difference since the biggest problems for Eikon to penetrate are - and always will be:
Messaging. Even if Eikon has instant messaging capabilities that objectively are far beyond those of the Bloomberg Terminal it doesn't matter because Bloomberg has the interesting user base that people want to be connected to. Some call the Bloomberg Terminal the world's most expensive telephone.
Perception. Regardless of which of the two that is best (as in getting your job done) there's the problem that because Bloomberg Terminal have a huge price tag they are typically allocated to the big guys in the company whereas the more junior person will "have to" work with an Eikon or perhaps something else. In other words if you get moved from a Bloomberg to an Eikon its almost like a demotion. You are no longer the big guy. In that climate it is really, really difficult to get an unbiased statement about pros/cons from such a person.
I don't know which of the two is the better one. I suspect that Eikon could be objectively far better to work with and it still wouldn't change anything because of the things I mentioned above.
BBG graphs are much more reliable for trading. This is especially true for EM FX. The high/low prices for Eikon could be more than 1 big figure off the actual price that was traded in the market. That being said there are some news items that break first on Reuters so if you're only looking at BBG you might be left wondering why the markets have moved.
doubt Eikon cam beat Bloomberg in the fixed income space
in FI bloomberg is king. many energy traders use reuters though. It really depends on what your needs are
Eikon Reuters Terminal vs Bloomberg (Originally Posted: 10/08/2015)
Hi All,
Just wondering if anyone has an opinion on Eikon Reuters Terminal vs Bloomberg?
I have trialed Bloomberg and currently trialling Eikon.
For what I am looking at, Eikon data seems to be just as good as Bloomberg.
Interested in other peoples opinion?
Thanks
Well you're using them, which do you like more? How do they compare?
Never used eikon. But, I have used Bloomberg. I enjoyed using Bloomberg and it became apart of my daily routine when I was doing fixed income.
Eikon vs. Bloomy (Originally Posted: 07/25/2012)
(Cross listed in CF)
I was wondering if anyone here had experience with Eikon, specifically as a substitute for Bloomberg. I'm an intern for an O&G co in energy marketing and we're thinking of switching. I know changing spreadsheets will be a pain in the ass, but since I'm the intern, that will probably be my job, but besides that, are there other significant barriers that aren't immediately obvious. For us, the cost is about the same considering the costs of live energy futures, platts info, etc.
For IB people who have used it, are there any big drawbacks? Any problems inherent to the platform?
No? Bloomberg is the 'standard,' and that means something. I know guys for whom, if you're not on Bloomberg messaging, you don't exist to them.
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