Comment by elictronic
6 hours ago
Here's an article. Basically if your trading stocks no. If you are trading different instruments or want interaction with the money folks (connections) yes. https://financetracked.com/bloomberg-terminal
From it: "Bonds and Fixed Income: It provides the best data for interest rates and debt markets. Global Economics: It easily connects data from different countries, such as currency rates and government debt. The Chat Room: The messaging system is the industry standard. If you want to talk to the biggest players in the market, you often need to be on Bloomberg."
Depends a bit how you're trading stocks - bbg is still an extremely attractive data provider so I'd not dismiss them out of hand.
There are alternatives that cost much less than 30k per year for just stocks. They need to prove their value proposition for that more generalized use case.
My dismissal is their problem to solve.