trader, this is a fair question you are asking and i would like to know exactly how many people in bloomberg tradebook are potential customers of spooz with this deal.
the pr is worded...
"Spooz is pleased to announce an integration agreement with Bloomberg Tradebook’s electronic trading system. Due to mutual client demand, the SpoozToolz trading software will be able to send orders and receive fills in the equity, futures, options and Foreign Currency Exchange. Spooz and Bloomberg Tradebook anticipate delivering an integrated product to customers within sixty days. The product is available to Bloomberg Professional ® service subscribers."
so it will be tied into Bloomberg Tradebook's electronic trading system...(makes one think only those who use tradebook will be potential customers)
but it IS available to Bloomberg Professional subscribers...(of which there are 250,000 members)???
i guess we really need to know how many people will be trading equity, futures, options and Foreign Currency Exchange that are Bloomberg Professionals...I am starting to think that is our potential customer base whether they are Tradebook members (yet)or not....
how does this deal benefit Bloomberg?...i would think that this is now an option in Tradebook that provides an advantage. maybe they think more people will sign up for Tradebook with this option in the Tradebook tool box.
i don't know enough about bloomberg's structure and business model to understand exactly how spooz is fitting in and how big the potential is....i need to do some more DD and if anyone else knows more I'll read about it here...for now, though, i am just excited that someone stopped at our lemonade stand....i think i'll take a few days to enjoy this milestone
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