The True State Of Wall Street: Only +1,000 BBG Terminals Sold Through September

Tyler Durden's picture

While bank CEOs are welcomed on to business media everywhere with their ever-sanguine views of the recovery in everything from bayonets to housing, the true state of the financial sector is nowhere more evident than in the growth of Bloomberg Terminals. The long-term contractual lock-up and relatively expensive nature of the must-have-terminal-if-you-are-serious information provider means it is not an easy decision and when push comes to shove, it seems, Wall Street is not as confident in its future as it perhaps portrays. As the NYPost reports, Bloomberg Chairman Peter Grauer conceded that the company grew its terminal business by a mere 1000 units in the first nine months of 2012 - compared to 13,763 in 2011 (which was itself short of the 15,000 goal). The company remains highly profitable but it would appear to us that between the job cuts we noted last night, CEO expectations of economic outlooks, and now this much more specific data point on Wall Street, that the future is far less rosy than the ebulient consumer seems to believe.

Tags

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
becky quick and her beautiful mouth's picture

once you develop a terminator and release it in to the exchange, you don't need a terminal any longer.

Manthong's picture

They could boost sales if they added New York City Big Gulp carry permit to each seat.  

Stackers's picture

Yeah, but will it blend ?

oh_bama's picture

Someone please help me understand this:

Sold 1000 more terminals means Wall Street as a group hired 1000 more people at least, more like 2000 -3000 since some junior busboy kids don't have terminal, is it right? 

lineskis's picture

Who needs BBG terminals when you have thousands of headless servers trading at the nano second?

WALLST8MY8BALL's picture

Did Bloomberg decide to ban message limits to 32 characters per second?

malikai's picture

I'm upgrading to ticker tape over here.

knukles's picture

Yesserie, goin' back to the good old Telerate screens for me!

malikai's picture

Have you seen the TD Station? I was thinking about them, but it looks a little too sophisticated for me.

http://www.zerohedge.com/contributed/2012-09-22/tylers-portable-trading-...

mediaprizm's picture

Mandarin Courses London & Lessons in Mandarin School London with Mandarin House, we offer Mandarin Classes in London, UK

CPL's picture

Take it a step further and go for duct tape.

malikai's picture

If you can't duct it...

Fuck it.

knukles's picture

My two puppies would find that quite unsettling...

hedgeless_horseman's picture

 

 

-"Dazhihui!"

-"Livri'oot."

-"Bù hao yì si."

malikai's picture

There's quite a few. My mother in law has an interesting one which looks an awful lot like that but it's flash and in the browser. Her and my wife keep getting on me about translating my frontend to Chinese.

hedgeless_horseman's picture

 

 

The writing is on the wall, Mr. Mayor, and it is in mandarin. 

JustObserving's picture

HFT algos do not need Bloomberg terminals.  If HFT is now accounting for 70 to 80% of all trading, who will be buying terminals?

 

insanelysane's picture

By the time a human can read and react to what is on the terminal, the bots have already battled each other for some profit, and have positioned themselves to crush the humans when they start to play.

ShorTed's picture

*^@# you Bloomberg

Dr. Engali's picture

Maybe Bloomberg should shift his focus from micro managing what people eat over to more important things.

Zen Bernanke's picture

out of curiousity, how many were cancelled this year?

Zero Govt's picture

clearly too many, Bloomberg hasn't mentioned it

Tango in the Blight's picture

Revenge for the banning of Big Gulps in the Big Apple by the company's founder.

 

Democratic koolaid's picture

Less people know how to use them and of course the cost. to much koolaid!

SillySalesmanQuestion's picture

They could'nt fat-finger proof the terminals.

WhiteChrist's picture

Wall Street's aftertide is rosy and bright, for 'tis the Lord's street. His Kingdom is nigh, and He is doing ever more of the work through fewer of His thanes, as less are needed. These are the up-times. Go long forever, and buy any wight that He looketh kindly on. If thou art a beginner, buy AAPL or homeloan-backed sickerhoods and the Lord will spare thee. If thou hast no fee to buy with, borrow naughts and ones to do so with. He will kindly give them.

Diesel Seven's picture

PMs and traders involved with MBS are likely the largest group in the investment community reliant on BBG for security analysis. Try researching a simple FNMA REMIC without one. Unfortunately the Fed is taking over the MBS market at a $40b/mth rate, so why bother looking for alpha anymore--just buy a damn ETF with a futures overlay to adjust duration. I'm surprised they had any gain-- BBG might consider a porn function--they might sell more to the SEC.

Rearranging Deckchairs's picture

I like these "annecdotal metrics" as I believe they are more illustrative of the true state of things than the manipulated numbers put out by the BLS and The NAR.

My favorite one of late for the state of the Southern California economy is the Mammoth Mountain MVP pass. This is a discounted season ski pass that the mountain offered to its loyal following of middle to upper middle class Southern Californians. It functions like season tickets in the sporting world. . When the economy was flush they didn't open up the MVP program to new entrants because there is a limited number and people renewed their MVP pass. It s also normally only offered during a limited period in April.

Not only did this season pass open up to new entrants but now this year they were offering it again this fall during October for like $50 bucks more than the spring price.

And while not the best quantifiable metric the fact that they were still selling the discounted season pass in the fall is an indication that economic sentiment isn't that great. Ofcourse astute observers will point out that last years snow was awful and many passholders probably decided it wasn't worth it to prepay for a season pass. But still if people were feeling better about parting with their money it would sell out.

 

 

shovelhead's picture

Not to mention the teriyaki rat-on-a-stick sales are increasing in NYC.

"Rats...not just for the homeless anymore."