I would have to guess once Symphony is proven some of the banks will strongly encourage/require communication with their traders to go through Symphony. or it might be another failed Bloomberg-killer. Will be interesting.
I don't think the first commercial Bloomberg terminal was in 1982, but I could be wrong. Michael Bloomberg was still at Salomon until mid-1981. Maybe there was a prototype sometime in 1982. Merrill didn't invest until 1983 and that's where the early terminal got all the bond data. I don't think it was a big factor in the market until like 88-ish, Salomon launched their Yield Book project to compete around 1988-89. There was some kind of an exclusive with Merrill and/or bad blood with Salomon and they couldn't even buy a terminal.
I don't think the first commercial Bloomberg terminal was in 1982, but I could be wrong. Michael Bloomberg was still at Salomon until mid-1981. Maybe there was a prototype sometime in 1982. Merrill didn't invest until 1983 and that's where the early terminal got all the bond data. I don't think it was a big factor in the market until like 88-ish, Salomon launched their Yield Book project to compete around 1988-89. There was some kind of an exclusive with Merrill and/or bad blood with Salomon and they couldn't even buy a terminal.