26 May 2017
register for the webinar

Bloomberg piles pressure on Thomson Reuters with Next redesign

27 February 2012  |  12158 views  |  0 Dealing Room

Bloomberg today takes the wraps off a two-year development effort designed to simplify its desktop data service and pile the pressure on dealing terminal rival Thomson Reuters.

Bloomberg's Next redesign of its eponymous Professional desktop terminal marks the culmination of a $100 million investment programme involving more than 3000 programmers. Many of the changes were introduced following extensive research among a select group of clients who volunteered to allow Bloomberg to review keystrokes and commands most commonly used across an array of functions.

The company has already rolled out the refreshed product - which offers a refined intuitive interface and uniformity across asset classes, richer graphics and analytical tools, better search tools, and 15,000 fewer functions - to about a third of its installed 313,000 desktop user base at dealing rooms around the world. The company is now embarking on a global marketing effort with the aim of moving all subscribers to the new screens by the end of the year. The upgrade is free to all users.

Rival Thomson Reuters has undergone a similar upheaval to simplify its own desktop services under the Eikon brand. A slow start to Eikon sales among users contributed to a clear out at the top of the company's Markets division and the departure of group CEO Tom Glocer. The vendor, which reported a fourth quarter operating loss thanks to a $3 billion goodwill impairment charge related to its struggling financial services business, says sales of Eikon nearly doubled from 8000 installations to 15,000 in the past three months.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Thomson Reuters reports Q4 loss thanks to $3bn goodwill charge

Thomson Reuters reports Q4 loss thanks to $3bn goodwill charge

09 February 2012  |  5820 views  |  0 comments
Bloomberg opens up market data distribution API

Bloomberg opens up market data distribution API

01 February 2012  |  13823 views  |  0 comments
Glocer exits as Thomson Reuters appoints Smith to lead turnaround

Glocer exits as Thomson Reuters appoints Smith to lead turnaround

02 December 2011  |  6933 views  |  0 comments
Thomson Reuters disbands Market and Professional divisions

Thomson Reuters disbands Market and Professional divisions

28 September 2011  |  8307 views  |  0 comments
Bloomberg taps consumer sentiment for equity analytics

Bloomberg taps consumer sentiment for equity analytics

31 August 2011  |  16397 views  |  0 comments
Wenig out as Reuters shakes up Markets division

Wenig out as Reuters shakes up Markets division

22 July 2011  |  11453 views  |  0 comments
Thomson Reuters integrates StreamBase CEP tech with Elektron

Thomson Reuters integrates StreamBase CEP tech with Elektron

18 May 2011  |  8829 views  |  0 comments
Thomson Reuters unveils Eikon desktop

Thomson Reuters unveils Eikon desktop

14 September 2010  |  12478 views  |  0 comments
Bloomberg to shed light on dark pool order flow

Bloomberg to shed light on dark pool order flow

31 August 2010  |  10616 views  |  1 comments
Thomson Reuters unveils YouTube for traders

Thomson Reuters unveils YouTube for traders

10 May 2010  |  11170 views  |  2 comments
Thomson Reuters beefs up Enterprise leadership team

Thomson Reuters beefs up Enterprise leadership team

22 April 2010  |  7236 views  |  0 comments
Thomson Reuters unveils high-speed global network

Thomson Reuters unveils high-speed global network

20 April 2010  |  8416 views  |  0 comments
Thomson Reuters turns to the Web for markets overhaul

Thomson Reuters turns to the Web for markets overhaul

14 April 2010  |  10351 views  |  0 comments
Bloomberg adds trending metrics to machine-readable news service

Bloomberg adds trending metrics to machine-readable news service

19 February 2010  |  9358 views  |  0 comments
Bloomberg smashes proprietary identifier market

Bloomberg smashes proprietary identifier market

04 November 2009  |  14644 views  |  1 comments
Thomson Reuters, Bloomberg on media acquisition trail

Thomson Reuters, Bloomberg on media acquisition trail

15 October 2009  |  5947 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsDownload the paper nowvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
11402 views comments | 48 tweets | 74 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7157 views comments | 12 tweets | 24 linkedin
Security experts struggle in search for WannaCry clues - ReutersSecurity experts struggle in search for Wa...
6461 views comments | 3 tweets | 3 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job