His whole business is based off snobbery between banksters, who use it as messaging service, between each other ....and the idiot Banks pay out a fortune to rent terminals, just to keep the banksters happy.
If yr not on the system, then your not worth talking to, according to the banksters...the actual system ain’t that good, unless yr a cash bond trader and there are not many of them.
He’s a conman.....no wonder he hates people who get their hands dirty.
Actually, bloomberg revolutionized the bond trading business. He rented terminals to bond traders overjoyed to have them as a tool for making money