Bloomberg Terminal: Step by Step

law F1 Global laws and regulations, litigation, legal analysis, news, etc.
Government department F2 Securities issued by the national government and securities issued by quasi-government agencies
company F3 Corporate bonds
MTGE F4 Mortgage market tools
M-MKT F5 Money market securities
Mooney F6 U.S. municipal bonds
PFD F7 Preferred securities
fair F8 Common stocks, American Depositary Receipts (ADR), mutual funds, rights, options, warrants
CMDTY F9 Commodities and related futures and options
index F10 Stock index and economic index
CRNCY F11 foreign currency
customer F12 Portfolio and risk management

Source: Bloomberg

Any and all historical or current information related to these market sectors can be obtained through the system. Because of the breadth and depth of usability, it is always a good idea to target specific features and information. This can make the terminal less overwhelmed.

The system also has countless functions. Users can call up all types of technical and basic maps, including capital flow and margin trends, company comparison or index data, and company-specific information related to various parts of the capital structure.

Bloomberg’s first keyboard, The Chiclet, was assembled by hand and released in 1983.

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In order to reduce the huge database of information to usable functions that are usually used on a daily basis, we have compiled a list of five key categories.

1. News

Enter “N” and click General News. To access top business or general headlines, type TOP and click. The screen will appear with a toolbar at the top, a command line where you can type new commands, a main or functional area containing the required information, and an information panel at the bottom.

2. Company Information

In the stock function (F8), you can enter commands to locate the company’s description, its price or transaction data (current and historical), news, charts, company structure, valuation, credit rating, capital structure, comparison of companies, and regulatory documents . You can also view analyst recommendations, earnings estimates, and bond information.

For example, to find the company’s profit forecast, click the stock symbol EQUITY, then enter EE, and then click.

3. M&A data

You can use the MA function to find transaction data and details. If you are looking for a specific company, type the company name in the “Company Search” box at the top. The output provides all the terms of the transaction.

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4. Investment Screening

To construct a list of securities that meet the specified criteria, enter EQS and click. From here, you can select a standard list with specified parameters. Available standards are listed under categories related to exchanges, industries, indices, domiciles, descriptions, geography, and basic characteristics. The result output will be generated, and these results can be changed by selecting “Edit Condition”. This output, like many outputs in Bloomberg, can also be exported to Excel.

5. Industry

To analyze the industry from a top-down perspective, type BI and click. From advanced news, industry introductions, earnings and valuations to more specific data, you can find them here.

How to get Bloomberg-like data without Bloomberg

The Bloomberg terminal is an expensive system that is mainly used by professional investors. Most individual investors cannot obtain it. But you can find terminals in public or university libraries. However, if you can’t get one, there are publicly available alternatives that can provide similar data. Keep in mind that the information provided by these alternative sources may lack depth and breadth. This means you may have to piece together your own information.

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year 1994

The year when the first Bloomberg terminal to run on a customer-supplied PC was released.

For example, you can easily find financial news on many financial websites. Company information can be found through the SEC Edgar system to find regulatory documents or company websites. You can use websites such as finviz.com or msn.com to complete the investment screening. On the other hand, the positioning of M&A information is more complicated. Some transaction data can be found on free websites such as http://www.mandaportal.com/, but most require a subscription fee. Similarly, industry data can be collected from different sources, including independent analysts, for a fee.

Bottom line

Bloomberg is a valuable tool for investors, mainly because it provides data in one place and allows users to configure the data in various ways to analyze and review trends, compare with other companies and industries, and most importantly follow the historical path, In order to analyze the investment can be detailed and all-encompassing.

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