The speaker says traders may pay $50,000 annually for Bloomberg despite being able to access the same market information elsewhere, because Bloomberg consolidates and specializes information, helps prevent mistakes, and integrates with trading systems.

“in a way that you care about the last mile for your customers, they care about their last mile f in terms of the software. Um and as long as people would train in that software like it never goes away. Like as a banker uh or uh you know in my finance career I could always access the same exact information from the NASDAQ, from the New York Stock Exchange. But why do I pay the fifty thousand dollars a year for Bloomberg? Well,”

“Well, it's just like that's that's what everyone all my peers do and it's all consolidated for me and it's all specialised for me so I don't make mistakes or whatever. Uh there are like it's tied into my trade uh trading system on my chat or whatever, my new system.”