This is why the Bloomberg Terminal was created back in the day. Information on Wall Street is the currency, wealth is the reward for having the correct info at the right time - meaning before everyone else . It used to cost about 20-30k to have one on your desk, probably 50k back in the 80s/90s. Now it’s algo, speed + who, why and where (trades are coming from).
This is why the Bloomberg Terminal was created back in the day. Information on Wall Street is the currency, wealth is the reward for having the correct info at the right time - meaning before everyone else . It used to cost about 20-30k to have one on your desk, probably 50k back in the 80s/90s. Now it’s algo, speed + who, why and where (trades are coming from).