Which functions are missing in Bloomberg Terminals

Talkin go money

Bloomberg is synonymous with investment information in many areas of the financial world. According to his guide, "Bloomberg LP is a financial news service that delivers financial news and data to businesses and organizations in virtually every country in the world. Business professionals can monitor and analyze real-time financial market data, as well as place trades and review historical trade data." So it's not just news and media but also a software / hardware system that most, if not all, professional finance managers use.

The terminal

The Bloomberg Terminal is both a hardware and a software system. It contains the Bloomberg keyboard with special color-coded keys. The color coding is as follows:

  • Red buttons = stop functions
  • Green buttons = action functions
  • Yellow buttons = correspond to different market sectors

How to use Bloomberg Terminal

Market sectors toggled to use the yellow buttons include:

LAW F1 Global Law and Regulation, Litigation, Legal Analysis, News, etc.
GOVT F2 Securities issued by national governments and securities issued by quasi-government agencies
CORP F3 Corporate bonds
MTGE F4 Mortgage market instruments
M-MKT F5 Money market papers
MUNI F6 U.S. municipal bonds
PFD F7 Preference shares
EQUITY CHAPTER F8 Common stocks, American Depository Receipts (ADRs), mutual funds, rights, options, warrants
CMDTY F9 Commodities and related futures and options
INDEX F10 Stock indices and economic indices
CRNCY F11 Foreign currencies
CUSTOMER F12 Portfolio & risk management

Source: Bloomberg

All historical or current information on these market sectors is available through this system, and due to the breadth and depth of availability targeting certain features and information, being useful can make the terminal less overwhelming. There is so much information in the system and so many capabilities. Technical and fundamental diagrams of all kinds such as cash flows and margin trends, data comparing companies with one another or indices and company-specific information relating to every part of the capital structure are available here. However, in order to reduce the enormous information base into available functions that are normally used every day, we have compiled a list of five key categories.

1. News- Type "N" then for general news or to access the top business or general headlines, type TOP. The screen appears at the top with a toolbar, a command line where new commands can be entered below the toolbar, the main or functional area that contains the information you are looking for, and an information box at the bottom.

2. Company Information - In the EQUITY function (F8) a command can be entered to display a description of the company, its price or trade data (current and historical), news, graphs, company structure, valuation, credit ratings, capital structure, peer group and approval applications . There is also the option to review analyst recommendations, earnings estimates, and bond information.

For example, to look up a company's earnings estimates, click the ticker icon, then click EQUITY -> EE

3. M&A data deal data and specifics can be found with the MA function. If you're looking for a specific company, type their company name in the Company Search box above. The output contains all the terms and conditions of the deals.

4. Investment Screening: To list stocks that meet certain criteria, enter EQS. From here a list of criteria with defined parameters can be selected. Available criteria are listed under Categories relating to Stock Exchanges, Sectors, Indices, Domicile, Descriptions, Geography and Fundamental Characteristics. A result output is generated and these results can be changed by selecting Edit Criteria. Like many other issues in Bloomberg, this output can also be exported to Excel.

5. Industries - to analyze industries from a top-down perspective, type BI. Everything from high-level news, industry basics, earnings and reviews to more specific data can be found here.

How to get Bloomberg-like data without Bloomberg

The Bloomberg Terminal is an expensive system and is primarily available to professional investors. Sometimes there are terminals in libraries, especially university libraries, but most of the time private investors do not have access to them. However, there are publicly available substitutes that can provide similar data, though lacking both depth and breadth, as well as functionality, requiring individuals to compose their own mosaic of information. For example, financial news can be found on many financial websites. Company information can be submitted through the SEC Edgar system for regulatory filings or company websites. Investment screening can be done through websites such as finviz. com or msn. com. M&A information and industry data are a little harder to find. Some business data can be found on free websites such as // www. Mandaportal. com / but most require a subscription fee. Industry data similarly does not have a website offering information, but has independent analyst reports available for purchase.

The bottom line

Bloomberg is an invaluable tool for investors, largely because it puts data in one place and allows users to configure the data in various ways, analyze trends, and compare it with other companies and industries. follow a historical path so that the analysis of an investment can be detailed and comprehensive.