Bloomberg's Limits: Traders Turn to Social Media #trading #news #podcast

because I think a lot of people naively think, yeah, I just look at my Bloomberg terminal. Bloomberg's the master of all universe of information flow and data analytics. But I can tell you this for sure, Bloomberg is not even worth switching on for this type of information. It's just not built for it. It's not really their domain, their niche, if you like. This is where you go to, like we said last week, S&P, uh, Platts, and you have very sophisticated real-time information, metrics, visual cues, satellite imagery. This is where you can track that, that stuff. And social media is surprisingly good. I was talking to some other trader friends, they were all looking at social media as well to get signals and signs of things because you get a lot of on-the-ground coverage that's unedited, not gone through an editorial process, so it's much faster from speed perspective.