Why do people suscribe to financial data provider like S & P, Reuters, Bloomberg?
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Sіnсе thе fees fοr thеѕе data іѕ expensive, whу саn’t companies јυѕt subscribe tο thе database fοr a short period οf time, download thе whole database οn thеіr system, thеn dο backtesting οr resell thе data. I mean, ѕіnсе thе data іѕ raw, thеrе won’t bе a copy rіght problem. Fοr thе newest data, уου сουld јυѕt gеt іt frοm thе source lіkе sec filings etc. Thеn whу аrе companies still pay a six-figure fee fοr annual subscription?
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because they need the data for whatever reason,
Bloomberg allows you find find the price of most, stocks, bonds and other instruments on a given date at a given time. (as opposed to justt he closing value which finance.yahoo.com does)
S&P, provides all sorts of data. many sights that give you stock quotes get it from S&P Compstat service. Compustat also gives you great historical data.
Of course,any finance student will tell you that technical analysis means nothging to the informsation is worthless; many still swear by it.
… and of course finding historical data can help you track your investments especially for tax reasons.
You are wrong about copyright and the data are not as raw as you think. Then, companies buy the data to save themselves the cost of collecting them, recording them checking them etc. The sellers of the data also sell charting tools, programs, etc which work with their data.
so they can go to Starbucks …order a $4 cup of coffee and sit down with the magazine…………. and in their eyes………….look important!
I think it makes people feel better if they subscribe. Little to they know they are merely paying for all the advertising crap in the subscriptions.
I rather invest the money I would of spent on the subscription and come out farther ahead!
: )
worth the money to get it all from one (or a small number) of places (and we pay millions).
Besides there is new information everyday. Bonds are issued all the time. And when you are dealing with clients buying a 100 billion dollars wirth of stuff, you want the most up to date info.
With that said, I wish there was not so many errors in Bloomberg data.
Besides if NO ONE paid for it, then the companies will not give it out for free. They charge the people that want realtime data and then they give out the delayed stuff for free. If no one paid for the realtime, then they would lose money and that isn’t going to happen