Thursday, April 7, 2011

Bloomberg for the iPad

In my ongoing look at trading apps for the iPad, I have elected to initially focus on the ‘big media’ all-in-one apps. I began with an overview of the space and some initial thoughts. Yesterday I offered some more detailed thoughts on CNBC Real-Time for the iPad, and today I turn to CNBC’s main competitor, Bloomberg.

To reiterate from earlier in the week, there are actually two different apps from Bloomberg:

Bloomberg for iPad is designed as a news-first application, which is evident from the graphic below – a screen capture of the home page for Bloomberg for iPad. On the plus side, the home page is a healthy blend of news, market data and watch list information. On the minus side, this page is not configurable, save for the ability to edit the top two “My Stocks” entries in a separate module.

The menu on the bottom outlines the full range of functionality. Charts are available for equity indices and stocks, but not for currencies, commodities or equity index futures. While those charts are attractive, the user can only customize the look back period (1d, 1m, 6m, 1y and 5y) and not add any technical indicators. No indicators are included with the charts, not even moving averages.

Where Bloomberg does trump CNBC Real-Time is with its portfolio monitoring functionality. Here users can enter share quantities and cost basis information in order to monitor profit and loss information on a security by security basis. True to its name, this My Stocks feature is limited to equities (and ETFs) and does not accommodate futures or other types of securities. I was also a little disappointed that there is no functionality to display total portfolio profit and loss for the current trading day or any historical period. Finally, it is important to note that while index quotes are in real-time, quotes for individual securities are delayed 15-20 minutes.

From a video perspective, Bloomberg does have a wide variety of podcasts available. Comparing these to the CNBC Real-Time video content, my sense is that CNBC has much more video content available and also a much larger library of content that is from the current trading day.

All things considered, I like the Bloomberg app and find it the news and My Stocks modules to be helpful, but I also see areas where Bloomberg needs to make some enhancements in order to put its product on par with CNBC Real-Time.

That being said, I would imagine that Bloomberg Anywhere for iPad, which is intended to provide a mobile version of the full Bloomberg terminal, would probably be the undisputed content and functionality king in this space. Not having had experience with this app, I will leave it for readers to chime in with their comments.

Next up: QFolio HD – the NASDAQ OMX Portfolio Manager

Related posts:

[graphic: Bloomberg for iPad]

Disclosure(s): none

blog comments powered by Disqus
DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party. All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make. No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2013 Bill Luby. All rights reserved.
 
Web Analytics