- November 2, 2015
- Posted by: David Tabaka
- Category: Compliance, Market Data, News, Risk
A Limerickman is taking on the terminal giant with a cloud-based platform
There aren’t many people who would be brave enough to take on billionaire businessman Michael Bloomberg, but Irish man Morgan Downey is one of them.
The New-York based, Limerick-born entrepreneur is going after the tycoon’s cash cow – the Bloomberg Terminal – with an alternative browser-based market data platform known as Money.Net.
Given that Downey’s offering costs about a twentieth of Bloomberg’s and is, he says, more user-friendly, he could yet succeed in taking down a product long seen as essential on trading desks around the world.