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.

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Fri, 10/26/2012 - 11:47 | 2921728 becky quick and...
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.

Fri, 10/26/2012 - 11:55 | 2921759 metastar
Fri, 10/26/2012 - 12:00 | 2921798 Manthong
Manthong's picture

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

Fri, 10/26/2012 - 12:10 | 2921838 Stackers
Stackers's picture

Yeah, but will it blend ?

Fri, 10/26/2012 - 12:16 | 2921854 oh_bama
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? 

Fri, 10/26/2012 - 13:59 | 2922200 lineskis
lineskis's picture

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

Fri, 10/26/2012 - 11:45 | 2921729 WALLST8MY8BALL
WALLST8MY8BALL's picture

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

Fri, 10/26/2012 - 11:45 | 2921731 malikai
malikai's picture

I'm upgrading to ticker tape over here.

Fri, 10/26/2012 - 11:48 | 2921745 knukles
knukles's picture

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

Fri, 10/26/2012 - 11:53 | 2921768 malikai
malikai's picture

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

Thu, 12/20/2012 - 08:48 | 3082056 mediaprizm
mediaprizm's picture

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

Fri, 10/26/2012 - 11:53 | 2921765 CPL
CPL's picture

Take it a step further and go for duct tape.

Fri, 10/26/2012 - 11:55 | 2921778 malikai
malikai's picture

If you can't duct it...

Fuck it.

Fri, 10/26/2012 - 12:07 | 2921817 knukles
knukles's picture

My two puppies would find that quite unsettling...

Fri, 10/26/2012 - 12:03 | 2921733 hedgeless_horseman
hedgeless_horseman's picture





-"Bù hao yì si."

Fri, 10/26/2012 - 12:08 | 2921815 malikai
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.

Fri, 10/26/2012 - 12:19 | 2921859 CPL
Fri, 10/26/2012 - 12:21 | 2921865 hedgeless_horseman
hedgeless_horseman's picture



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

Fri, 10/26/2012 - 11:46 | 2921734 JustObserving
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?


Fri, 10/26/2012 - 12:15 | 2921853 insanelysane
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.

Fri, 10/26/2012 - 11:47 | 2921742 williambanzai7
williambanzai7's picture

Cry me a river...

Fri, 10/26/2012 - 11:49 | 2921744 ShorTed
ShorTed's picture

*^@# you Bloomberg

Fri, 10/26/2012 - 11:53 | 2921764 Dr. Engali
Dr. Engali's picture

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

Fri, 10/26/2012 - 11:53 | 2921769 Rainman
Fri, 10/26/2012 - 11:54 | 2921772 Zen Bernanke
Zen Bernanke's picture

out of curiousity, how many were cancelled this year?

Fri, 10/26/2012 - 13:13 | 2922018 Zero Govt
Zero Govt's picture

clearly too many, Bloomberg hasn't mentioned it

Fri, 10/26/2012 - 11:58 | 2921792 Tango in the Blight
Tango in the Blight's picture

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


Fri, 10/26/2012 - 12:06 | 2921812 Democratic koolaid
Democratic koolaid's picture

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

Fri, 10/26/2012 - 12:33 | 2921898 SillySalesmanQu...
SillySalesmanQuestion's picture

They could'nt fat-finger proof the terminals.

Fri, 10/26/2012 - 13:26 | 2922055 WhiteChrist
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.

Fri, 10/26/2012 - 14:01 | 2922205 Diesel Seven
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.

Fri, 10/26/2012 - 14:05 | 2922214 Rearranging Dec...
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.



Fri, 10/26/2012 - 15:33 | 2922456 shovelhead
shovelhead's picture

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

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

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