News and market data provider Bloomberg LP announced the global launch of a new equity research unit it says will give users continuously updated research from more than 100 industries.
The firm said its latest venture, known as Bloomberg Industries (BI), is a portal that will combine analysis and insights from analysts who have an average of 17 years experience at "top" buy- and sell-side firms, with its vast array of industry data, news and analytics. Bloomberg noted that it has more than 100 research professionals covering more than 100 industries in North America, Asia and Europe.
"Bloomberg Industries shows trends as they are happening and provides deep insights from the world's most knowledgeable and respected industry analysts," Bloomberg Chief Executive Dan Doctoroff said in a statement.
The BI portal also aggregates information from more than 200 third-party providers, creating one of the largest central repositories for analyzing an industry's past and present performance, as well as future forecasts, Bloomberg said.
Bloomberg added that BI does not include stock recommendations, and is designed to complement the work of buy- and sell-side analysts who provide industry trends to portfolio managers, traders, salespeople, bankers and corporate management.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio