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The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. [1]
Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, [9] and a 12% ownership investment by Bank of America through its brokerage subsidiary Merrill Lynch.
The Bloomberg Billionaires Index, launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. [ 3 ] [ 4 ] [ 5 ] It features a profile of each billionaire, and includes a tool that allows users to compare the fortunes of multiple billionaires.
Initially published in Bloomberg Markets until the 2016 edition. Bloomberg Businessweek took over from 2017 onwards. [1] According to Bloomberg Media, the list is composed on the basis of recommendations and assessments by Bloomberg's journalists and analysts in the United States and internationally as well as data from Bloomberg Terminal. [1]
Bloomberg Philanthropies is a philanthropic organization that encompasses all of the charitable giving of founder Michael R. Bloomberg. [1] Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education. [2]
A get-rich-quick scheme is a plan to obtain high rates of return for a small investment. Most schemes create an impression that participants can obtain this high rate of return with little risk, skill, effort, or time. The term "get rich quick" has been used to describe shady investments since at least the early 20th century. [1] [2]
In 2009, Bloomberg released Bloomberg’s Open Symbology ("BSYM"), a system for identifying financial instruments across asset classes. [1]As of 2014 the name and identifier called 'Bloomberg Global Identifier' (BBGID) was replaced in full and adopted by the Object Management Group and Bloomberg with the standard renamed as the 'Financial Instrument Global Identifier' (FIGI).