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Bloomberg terminal is only $133/day (assuming 240 work days per year). So, while $32k/yr seems expensive at first glance, given the total annual cost of an analyst or trader, it's not huge. Of course, they'd rather not spend the $32k/yr if they could avoid it, if bloomberg can give you an edge on just one or two trades a year, you come out ahead. So...

I bet its cheaper than tokens for software development with higher ROI.

I can say companies with less than 20 mil arr pay around $150k a year for saas and others (sometimes the same) also pay 50k a year for a niche agent harness.

Skipping a dinner is not losing you much money.

Making a bad trade or missing a good one due to delaying data or bad data can pay for several years worth of bloombergs for everyone in your firm in one moment.

Nobody ever got fired for choosing Bloomberg, even if there was a viable alternative there is no way anyone is pioneering the switch.