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Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, [9] and a 12% ownership investment by Bank of America through its brokerage subsidiary Merrill Lynch.
Bloomberg London is an office building in the City of London, which was opened in 2017. It is owned by Bloomberg L.P. and functions as their European headquarters. It is at 3 Queen Victoria Street , to the west of Walbrook , on the site previously occupied by Bucklersbury House.
The following two tables compare the number of software engineers (611,900 in 2002) versus the number of traditional engineers (1,157,020 in 2002). There are another 1,500,000 people in system analysis, system administration, and computer support, many of whom might be called software engineers. Many systems analysts manage software development ...
Bloomberg spent the next twenty years as its chairman and CEO. According to Forbes, as of 17 February 2025, Bloomberg's estimated net worth stood at US$104.7 billion, making him the 17th richest individual in the world. [5] Bloomberg, who has signed the Giving Pledge, has given away $17.4 billion to philanthropic causes in his lifetime. [6]
There are an estimated 26.9 million professional software engineers in the world as of 2022, up from 21 million in 2016. [49] [50] Many software engineers work as employees or contractors. Software engineers work with businesses, government agencies (civilian or military), and non-profit organizations.
In the London office, quants create algorithmic trading strategies and software. The traders who are based in the Guernsey office use the trading signals produced from these software to perform trades. The firm is known to pay very high starting salaries of almost $200,000 to new graduates who join the firm as quants.
From 2008 to 2009, the company expanded to 30 offices in Asia, Europe, the Middle East and North America. It took control of Quorum International Search Limited, and, in 2010, the Centre for High Performance Development and Salary.com. [3] [4] On August 27, 2012, it was announced that Kenexa had been acquired by IBM for $1.3 billion. [5]
The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. [1]