Today we are looking at the Bloomberg Terminal and some basic functions in the software which will be useful to those who are interested or soon expect to use a Bloomberg. This is, by no means, an exhaustive introduction and is very much improvised.

Bloomberg just raised their prices to $30,000 a year, but Open BB is open-source software that is available completely free of charge. The project was first started by Didier Lopes when he was shocked that there were no centralized finance tools like Bloomberg available to retail traders. He saw the massive wave during the Gamestop mania and decided to start an open-source solution which he later rebranded to Open BB.

The project first launched as a CLI tool that uses API keys to conduct analysis in one place. Users are able to access company financials, technical indicators, and economic data by typing commands. The company also built a discord bot and recently released an SDK that makes it even easier to integrate into personal code. Even if you don’t know how to program just yet. There is tons of documentation making it incredibly easy to get started. While Bloomberg may take months to update their software, Open BB makes continuous improvements thanks to its network of open-source contributors.
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