Bloomberg Vs Thomson Reuters

Trex Flex's picture
Rank: Chimp | 5

hi,

I posted this in the Asset Management forum will repost here also,
Thank you!

Hello everyone,

Thank you for taking the time to read this.

I just needed the opinion of the buy side peeps (PMs and research analysts) regarding the Bloomberg platform vs the Thomson Reuters one.

I hear and read that the Bloomberg terminal offers more complex tools but could you please give some examples of the advantages the more expensive platform offers.

Thanks again

Comments (29)

Nov 16, 2011

It does depend slightly on what your looking for, but Bloomberg is simply better in every way. If you can think of it, most likely you can do it on Bloomberg. If you do the same with Thomson Reuters, you will end up on the phone with support and they will say they can do it, but it will be a half-ass job (e.g. incomplete dataset, 6 different functions for the same number and one is needed for various companies). To put it in perspective on why is this is just an unfair comparison, Thomson is $300 a month, Bloomberg is $1500. It is like comparing Allen Edmonds to John Lobb Paris bespoke shoes.

Nov 16, 2011

My friend worked at UBS PWM and at the office he was at they only had Bloomberg Terminals, it depends on whether you can afford it or not.

Nov 16, 2011

This question was asked a few years ago and the best response (can't remember by who) was "Reuters is fugazi." Couldn't agree more, Bloomberg is pretty incredible.

    • 1
Nov 16, 2011

I just can't imagine a financial firm not using bloomberg... I like the excel functionality the most, but the news filters are exceptional as well. So is the sports betting info ;)

Nov 17, 2011

Reuters suck big hairy balls. Datasets are incomplete, can't find what I'm looking for, going full retard on functions and terrible logic behind it all.

Bloomberg is porn for everyone with a business degree.

Jan 15, 2014

some people says that reuters is better but more expensive because they offer data/news separately for each area so if you need all it will be more expensive than bloomberg as bloomberg only charge one price for all.

but some says reuters a bit slow becuase it has more data. but not sure whether it's because of the connection problem for certain area.

Jan 15, 2014

Thompson Baseline is much more intuitive than Bloomberg. User friendly and easy to navigate. I haven't been exposed to Thompson One which I believe is more geared towards portfolio analytics. Bloomberg is bar none however the best platform. Better depth of research, more sell side research access etc. Only con's are that the subscription is close to 25-30 k a month and most of the functions are command based so it is difficult to navigate for first time users.

Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.

Jan 15, 2014
bullbythehorns:

Only con's are that the subscription is close to 25-30 k a month and most of the functions are command based so it is difficult to navigate for first time users.

where do you people get this shit from?

Jan 15, 2014
bullbythehorns:

Thompson Baseline is much more intuitive than Bloomberg. User friendly and easy to navigate. I haven't been exposed to Thompson One which I believe is more geared towards portfolio analytics. Bloomberg is bar none however the best platform. Better depth of research, more sell side research access etc. Only con's are that the subscription is close to 25-30 k a month and most of the functions are command based so it is difficult to navigate for first time users.

lol??????

anyway, I like factset and bbg

Jan 15, 2014
bullbythehorns:

Thompson Baseline is much more intuitive than Bloomberg. User friendly and easy to navigate. I haven't been exposed to Thompson One which I believe is more geared towards portfolio analytics. Bloomberg is bar none however the best platform. Better depth of research, more sell side research access etc. Only con's are that the subscription is close to 25-30 k a month and most of the functions are command based so it is difficult to navigate for first time users.

Hello Bullbythehonrs,

I did hear the same , however what would specific reasearch tool or functionality do you enjoy @ bloomberg, if you can, please be precise. Is it possible to filter stocks with specific criterias (eqs)

thanks the help !

Jan 15, 2014

It's only ~1500/month... plus I believe large corporations get group discounts so it's even cheaper than that...

(Source: friend who works at Bloomberg)

Jan 15, 2014
nytrader:

It's only ~1500/month... plus I believe large corporations get group discounts so it's even cheaper than that...

(Source: friend who works at Bloomberg)

Could you ask you friend to tell you what are the main functionalities that you dont have and miss at Thomson Reuters :)
Thank you nytrader

Jan 15, 2014

a year*****

Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.

Jan 15, 2014

For Bloomberg, type JOBS > GO

Jan 15, 2014

I take it Reuters does not offer this service?

Jan 15, 2014

If you are still in college/university, usually you have access to Reuters/Bloomberg via sth. like a Citrix-client.
You should easily find out about that on your university's website. At my university, Reuters is made available via such a remote client.

Jan 15, 2014

my uni doesnt has bloomberg or resuters...

Jan 15, 2014

Make sure your CV doesn't have as many spelling mistakes as your thread and you should be in much better shape.

As for Bloomberg/Thomson I know some libraries have subscriptions to the latter service, and you can always try to find someone who has a login ID

Jan 15, 2014
youngmonkey:

Make sure your CV doesn't have as many spelling mistakes as your thread and you should be in much better shape.

As for Bloomberg/Thomson I know some libraries have subscriptions to the latter service, and you can always try to find someone who has a login ID

i dun think it is possible for Bloomberg...you cant use it at home .

Jan 15, 2014

what is the adv of Bloomberg compared with Reuter and vice versa ?

Jan 15, 2014
ychu066:

what is the adv of Bloomberg compared with Reuter and vice versa ?

IMO, Bloomberg is easier to use for about everything, except for FX, where Reuters still prevails.

Jan 15, 2014

If someone went out of their way to learn how to use Bloomberg before a summer internship, I'd think they were an overeager douche. Just sayin...

Jan 15, 2014
jhoratio:

If someone went out of their way to learn how to use Bloomberg before a summer internship, I'd think they were an overeager douche. Just sayin...

Absolutely not. I'm not saying you need to know ever short cut and cheat, but you should be able to work comfortable with it and do simple tasks.

Jan 15, 2014

The Admirals Club at LGA airport has a 4-screen Bloomberg Terminal. Baller.

    • 1
Jan 15, 2014
Comment
Jan 15, 2014