End of Bloomberg’s pandemic provision sparks opportunity—for BBG and terminal upstarts
Middle- and back-office staff at banks and buy-side firms who have become accustomed to remotely accessing Bloomberg terminals at home under a disaster recovery provision could set off a surge of new remote data terminal subscriptions.
The number of market data terminals used across the capital markets could be set to rise after Bloomberg’s decision to halt a remote access policy to its Bloomberg Professional terminal that the vendor implemented at the start of the Covid-19 pandemic.
For shared terminals—i.e., terminals placed in an open setting within user firms for use by multiple individuals, one at a time—Bloomberg has a disaster recovery (DR) provision that allows remote access in the event of an emergency that prevents
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