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This ‘Bloomberg killer’, backed by Microsoft, might succeed

This ‘Bloomberg killer’, backed by Microsoft, might succeed

There are a number of so-called “Bloomberg killers” already littering the financial technology graveyard, can this one win over users?

Bankers will test issuing certificates of deposit on an R3 Corda blockchain operated by ASIC-licensed Imperium Markets. The New York Times

Michael Bow

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When the BBC’s hit banking drama Industry wanted to capture the feel of a New York City trading floor, it turned to a ubiquitous financial computer known as a Bloomberg terminal to bring its portrayal of complex financial manoeuvres to life.

The retro orange and black screens of Bloomberg’s desktops, used daily by hundreds of thousands of bankers and traders, have become an easy shorthand to convey the complex world of finance – and made the business’s 82-year-old American founder Michael Bloomberg a billionaire.

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The Telegraph London

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Original URL: https://www.afr.com/companies/financial-services/microsoft-has-a-stake-in-a-bloomberg-terminal-challenger-20240819-p5k3m8