Is a Bloomberg/Reuters terminal still worth it now that social medias exist?

Discussion in 'Data Sets and Feeds' started by tylerbose, Mar 4, 2018.

  1. It is clearly very pricey if you're retail. It's kind of a question of critical mass and scale.
     
    #41     Mar 6, 2018
  2. stv17

    stv17

    I'm a day trader that trades only by news items and i follow benzinga pro and the TradeXchange, is there a faster way to get the news than by these 2 companies?

    When ever i hear a news on these 2 platforms and i type up the stock symbol in my platform i see that the stock already moved up or down. so obviously .there are other ppl getting the news faster
     
    #42     Apr 22, 2018
  3. News scraping bots will beat you every time. I still have my Bloomberg terminal but it used to pay for itself many times over during the course of the year with breaking news. Now it’s basically a break even deal at best.
    Individual stock news is simply impossible to get before the bots hit the LULD halts.
    Can still have the occasional SPY/QQQ/VXX news play but have to pay up substantially after the algos move the market in a nanosecond.
     
    #43     Apr 22, 2018
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