Bloomberg introduces ALTD on Bloomberg Terminal, democratizing access to alternative data
Bloomberg has launched ALTD <GO>, a new alternative data function on the Bloomberg Terminal. For the first time, customers can access early insights into company performance alongside traditional fundamental data.
Bloomberg has launched ALTD <GO>, a new alternative data function on the Bloomberg Terminal. For the first time, customers can access early insights into company performance alongside traditional fundamental data.
ALTD <GO> aims to support equity analysts and portfolio managers by providing intra-quarter insights that can be integrated into research workflows well before earnings announcements. Bloomberg seeks to democratize access to alternative data by seamlessly integrating it into the Bloomberg Terminal, enabling users to incorporate consumer transaction data analytics and location analytics from partners like Placer.ai into their research workflows.
This move aims to break down the barriers to alternative data adoption, making it more accessible to a wider range of investors and empowering them to make better data-driven investment decisions. Bloomberg plans to expand the range of alternative data sources based on customer demand.
