Symphony was created with the goal of reducing the cost of market data and communication between financial professionals and their customers. Not an all in one resource-purely a collaboration toolįounded in 2014, Symphony is the one-stop-shop for communication and community building among financial industry professionals.
While the full version is just as pricey as the Bloomberg terminal, Eikon's cheaper version is a good option for those that want to be part of the Eikon club but lack the industry budget. While Eikon does not post its prices online, an article in Wall Street Prep suggests that you can purchase Refinitiv Eikon for $22,000 per year, or you can get a more stripped-down version for $3,600 per year. Its open platform is easy to customize and allows you to plug in a variety of application programming interfaces (APIs) and apps so you can get exactly the kind of information that you want. As of February 1, 2021, Refinitiv became part of the London Stock Exchange Group (LSEG), further expanding Refinitiv’s capacity to impact the financial community.Įikon provides an easy-to-use platform that can be downloaded onto your desktop or mobile device. Refinitiv Eikon is Bloomberg's biggest competitor when it comes to market share. With a current price tag of free, you might as well give it a try.
Even though there are plans in the works to release a paid service that will offer additional data, functionality, market coverage, and customization, Koyfin will continue to offer a free version. If you’re on the fence about whether or not to give Koyfin a try, you may want to note that this platform is free to all users (as of March 2021). But, if you’re looking for a platform that is powerful, customizable, and offers a breadth of data, then Koyfin might be the right fit.
Koyfin doesn’t have one particular special feature that will blow your socks off. Koyfin offers its customers a clear and easy-to-use interface with advanced graphing, customizable dashboards, access to comprehensive financial analysis, and a macro dashboard for keeping an eye on all of the markets.
The goal was to create a reliable alternative to the high-priced professional platforms on the market. Koyfin is an investment analytics platform that was founded in 2016 by former Wall Street traders.
For those who don’t want to pay the hefty price tag, there are many free and more cost-effective alternatives to choose from. However, it is also one of the most expensive options, costing upwards of $20,000 annually per person. The Bloomberg terminal is seen by many as the gold standard in the financial industry it is one of the oldest and most used financial terminals. Users can place trades and monitor real-time financial market data.
The Bloomberg terminal is a computer software system used by professional investors as a source of real-time financial data and information.