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Bloomberg for Education Symposium 2019 highlights

Bloomberg cup

Bloomberg cup and flyer

On 14 June 2019 I went to the annual Bloomberg for Education Symposium in London. It was a good way to keep up with developments in this highly regarded and utilised finance tool, plus a chance to network with other business librarians and academics.

I made extensive notes, too many topics to cover here, but I have summarised the highlights most relevant to our Business Data Service colleagues at The University of Manchester Library.

  1. Bloomberg Market Concepts has been updated
  2. BQL is set to improve Excel download efficiency
  3. A few other things

1. Bloomberg Market Concepts has been updated

  • The online certification course Bloomberg Market Concepts (BMC) has a new module course titled ‘Portfolio Management’. This module covers the role of a portfolio manager, creating a portfolio, analysing historical performance, and evaluating future risk. It brings the total approximate duration of BMC to 12 hours, across five content modules plus the ‘Getting Started’ module.
  • The content across all the modules has been updated (56% of questions) to reflect changes in the sector.

2. BQL is set to improve Excel download efficiency

  • The traditional Excel commands to download Bloomberg data (such as BDP) often require users to download many data points to perform calculations. Such downloads commonly trip an institution’s daily or monthly download limits.
  • An extensive new query language BQL has been launched which allows for powerful expression building; you can run commands that are executed on the Bloomberg servers and download just the results you need. It will also help with creating historical constituent lists.
  • “BQL is the future for delivering data” says Gareth Jones, Regional Head of Application Specialists. So we (well, mostly me) should spend some time learning it and delivering it to students and academics.

3. A few other things

  • Case studies have been rebranded ‘Bloomberg Businessweek’ and individual titles can be assigned to different students in a class by their professor.
  • Python is the most useful programming language for data analysts working in Bloomberg, it is highly desirable for employability.
  • We looked at many news functions, including sentiment analysis from social media, natural language processing, and a weekly news quiz to play across your institution.
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