The Market Master terminal, later called the Bloomberg Terminal, was released to market in December 1982. Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. Bloomberg, having designed in-house computerized financial systems for Salomon, used his $10 million partnership buyout to start Innovative Market Systems (IMS). In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a $10 million partnership settlement. Board of Governors of the Federal Reserveīloomberg Terminal at London City Airport
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