Bloomberg

Bloomberg - for 2023, one of the two leading providers of financial information for professional participants in financial markets.

Bloomberg CEO for 2025 - Vladimir Klyachko - graduate of St. Petersburg State University. He joined the company back in 2003 as Engineering Manager and grew to the head of the corporation.

Performance indicators

2024

Bloomberg's revenue exceeds $12 billion a year, and Michael Bloomberg himself is among the top 18 richest people on the planet with a fortune of about $105 billion.

Bloomberg annually sells access to more than 350,000 terminals worldwide. The cost of access to one terminal is at least $28,000 per year. The company never gives discounts, because there is simply no alternative to the market.

Products

2025: Glitch in Bloomberg's IT terminal system leads to costly halt in European government bond trading

On May 21, 2025, Bloomberg's terminal IT system crashed. This provoked a stop in trading in government bonds in Europe - difficulties arose with the placement of securities of Great Britain, Portugal and Sweden.

According to the Financial Times, traders complain that the Bloomberg service is working with significant delays. Some market participants point to the lack of current quotations that they need to make transactions. "Would you bet on a match whose score is not visible or unknown?," One trader wonders. As a result of the failure, trading volumes decreased significantly.

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Фото: Wikipedia

We are currently facing a global terminal issue and our engineering team is actively working to identify and address the issue, Bloomberg said in a statement.

The failure caused the public debt auction to collapse and the Debt Great Britain Management Office extended the bidding time. Sweden forced to postpone the planned bond auction due to "technical problems." The auction of bills of exchange in Portugal has also been postponed to a later date. European Union revised the bond sale deadline. At the same time, traders say that the instant messaging service, known as IB, continues to operate normally.

You can't download any new information and update the tables, some auctions have been postponed, "says Peter Schaffrik, RBC's chief macroeconomics strategist in Europe.

Bloomberg's support service apologized for the inconvenience, reporting on the restoration work. What exactly the technical problems that have arisen are connected with is not specified as of May 21, 2025.^[1]

Bloomberg Professional Terminal

The main product is the Bloomberg Professional terminal, through which you can access current and historical prices in almost all world exchanges and many over-the-counter markets, the Bloomberg news feed and other leading media, the bond electronic trading system and other securities.

History

2021: Yulia Fedorinova is Bloomberg's new Moscow bureau chief

On December 20, 2021, it became known about the appointment of Yulia Fedorinova as head of the Moscow bureau of Bloomberg. She took over from Torrey Clark, who moved to the position of Bloomberg's managing editor for Eastern Europe. She will continue to work  from Moscow. Read more here.

1981: Michael Bloomberg creates a company

Michael Bloomberg was a partner in Salomon Brothers before the firm merged with broker Philbro. After the deal, he received a compensation package of $10 million, of which $4 million in 1981 at the age of 39 decided to invest in the creation of Innovative Market Systems, the predecessor of Bloomberg.

In 1990, Michael recounted:

"I owe Merrill Lynch a great deal of gratitude. In 1981, when we first started our company, I walked around every house on Wall Street trying to convince them to buy our system. At that time, everyone was too busy creating their own internal solutions and showed no interest. But Merrill Lynch said: "We have our own project, but if it doesn't work, we'll take twenty of your terminals." It was this first order for twenty terminals that was the beginning of our company. "