A good starting place and has some research on niche industries.
#Bloomberg terminal alternative free free#
Gartner – Follow their free webinars and you can usually get more information than just what is in print online.IDC – Sometimes publishes portions of their reports for free.Sign up for emails to get more in-depth information. GOOGLEFINANCE – Not referring to the website Google Finance (we prefer Yahoo Finance) but using the “coding tool” in Google Sheets, which can import basic live data (pricing info).IMPORTXML – Imports data from various structured data points.Government Filings (EDGAR) – Can pull 10-Qs, S-1s, and anything else publicly filed with the US government.Yahoo Finance – Revenue and EPS estimates.Eloquens – Free financial models and various templates.
Ycharts – Not exactly free but you can get a free trial.Finviz – Snapshot of trading information (dividend, sales growth, payout ratio, sell-side ratings, and price targets).Aswath Damadoran – Lots of amalgamated data on various financial measures (CapEx by industry, margins by sector, valuation ratios by industry).Includes macro, security snapshots, financial analysis, estimates (EPS, revenue, and EBITDA) and graphs. Koyfin – An amazing free dashboard that looks and feels a lot like FactSet.Drop a note in the comments section at the end of this post with any gems we may have left off the list. See our picks below of the best free, high-quality resources for finance consultants. Simply keep holding this device up to your screen until your brain melts. On a positive note, by using these resources instead of a Bloomberg terminal, you’ll never need to struggle with the dreaded B-Unit device to log in (Remember B-Unit devices? #morecachethanablackcard).
Just like the mosaic theory, you’ll have to piece together the sources that are the highest quality for your needs however, we think this list of Bloomberg terminal free alternatives provides a good starting point. We polled our Toptal Finance consultants and found out some of their best free Bloomberg terminal alternatives. Unless you spring for a $25,000+ Bloomberg terminal, you have to figure out where else you can get the data. When you become a freelance consultant, you need to be a bit more creative. Typing in “EE” to bring up consensus earnings estimates was a stamp of approval only the seasoned Wall Streeter could do (and by seasoned, I mean 12 months out of college). Tapping on those yellow and green Bloomberg terminal keys was such a sweet joy I didn’t know I’d miss. The only thing I sometimes miss about being tied to a big investment bank is the data. Speaking at the time of the launch of the platform, Sarumi explained the firm is working to ‘level the trading field’ in the futures, options and equities markets, “to provide traders with fast access to market data, professional-grade technology and applications that lead to better trading decisions.Full link: –JB0z1rCAlQvbWo-k3H03wQ_C8AoHRt8ppkRUQlIEfPK2o7jX4A8aeznO2wG0LuRxjOINuhuZEJHf4QrF3Z2kxZ6yU2Q&_hsmi=79406181 Firms are cutting back on subscriptions to save costs and they have access to the data already without realising it,” Sarumi added. “Bloomberg Terminal users are declining, but it’s much bigger than that. Despite this, it held a strong 33% market share with Thomson Reuters holding 23% market share. He added the firm’s aim is “to let market participants know there is a platform out there that can do everything Bloomberg Terminal can do, but with little or no cost.”Ī recent report found user numbers for Bloomberg Terminals declined for the second time in the company’s history in 2016. Speaking to The TRADE, chief executive officer at Level Trading Field, Lanre Sarumi explained: “Our product is more like an operating system, it doesn’t force things into categories and works the same way as a computer with icon and applications on the desktop.” While the service is free and a number of applications on the platform are free, other functions like the job board are sponsored. The platform replicates everything Bloomberg and Thomson Reuters offers, but is free to access. It offers a platform with web-based communication channels, research tools and quantitative analysis applications. Level Trading Field - launched in April 2016 - was founded by a group of former traders who say costs for using Bloomberg and Thomson Reuters services are unreasonably high. A start-up is targeting Bloomberg Terminal users with a rival product which is free to use.
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