Bloomberg

Bloomberg L.P. operates the largest privately owned data, news, and financial information network in the world. It provides real-time and historical information on some five million bonds, equities, commodities, currencies, and funds. Its electronic library also holds data on virtually every publicly traded company and has a collection of biographies on more than one million people. Bloomberg's customers include approximately 250,000 subscribers at central banks, investment institutions, commercial banks, insurance companies, corporations, government agencies, law firms, and news organizations in over 150 countries. Bloomberg customers benefit from on-demand multimedia content and communications and extensive electronic-trading capabilities through its network. Bloomberg employs approximately 8,000 people in 55 countries.

The core product of Bloomberg is its subscription service that provides data, news, analytics, multimedia reports and messaging, and trading functions to any personal computer. The service is leased for a flat fee of $1,500 per month paid quarterly in advance on a two-year contract. The Bloomberg network delivers a global securities database with historical pricing data and corporate information from more than 200 exchanges including the New York Stock Exchange, NASD, and the Options Price Reporting Authority (OPRA).

The photo shows one of Bloomberg's 2,000 reporters and editors at work in a television studio in London, England.

Tools and Services

Bloomberg offers a number of trading tools and services. Its electronic trading products are used by portfolio managers, institutional traders, broker-dealers, market makers, and hedge fund managers for front-to-back execution, clearing and settlement functions on equities, debt, futures, options, and foreign exchange instruments. Bloomberg's trading products are used in over 60 global markets on five continents.

The Bloomberg Terminal is the firm's signature device seen on trading floors around the world, identified by its dual 17-inch flat panels. Users can set up their screens any way they like, typically displaying multiple data and video windows at once. The companion keyboard with its customized keys and bio-metric security technology provides for the optimal use of Bloomberg information and trading software. The Bloomberg network offers a real-time voice and video system enabling its users to record and send video messages and to participate in one-to-one or multi-caller audio/video conferences.

Bloomberg Law provides law firms a comprehensive source for legal research, including a comprehensive range of case law, codes, statutes, and regulations; dockets, access to pleadings, decisions, adversary proceedings, appeals, and court records; [Page 159]federal and state securities litigation, SEC enforcement and administrative actions, regulatory guidance, legislative activity, exchange, and rulemaking. It offers specialty services in the areas of bankruptcy, mergers and acquisitions, securities, intellectual property, due diligence, compliance, and litigation. It also provides analytical treatises, proprietary reports, updates on client-development intelligence, news, and research. Bloomberg Insurance is collection of research and analysis applications for insurance underwriters and brokers of commercial lines.

Bloomberg News is a real-time news service that provides definitive coverage of companies, markets, industries, economies, and governments serving readers in more than 130 countries, 24 hours a day, 365 days a year. Bloomberg News offers a wide array of communication services available to the public. These include television and radio programs in seven languages, financial book publishing, an award-winning magazine, and print news carried by more than 400 publications in 70 countries. Bloomberg News employs more than 2,000 reporters and editors in 130 bureaus and publishes more than 5,000 stories on an average day to 400 newspapers worldwide, with a combined circulation of 79 million people.

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