The End Of The Terminal As We Know It ...
… And I Feel Fine.
Sorry for the bad REM bastardization.
I’ve been waiting for the inevitable end of the market data terminal since the Internet hit the scene in 1995/96. And it hasn’t happened.
As Steve Goldstein points out in his Alacra Blog, Bloomberg is still selling 1200 new terminals a month. That’s a lot of market data terminals!
But I think Bloomberg is the exception. His terminals come with things that you just can’t get over the Internet today. He has a proprietary messaging system that everyone uses. That’s the network effect working for him.
I’d like to know what you all think. Can the Internet ever break Bloomberg’s stranglehold on the Wall Street desktop?