“To even put us on the same pricing tier as a big bank seems a little outrageous. “I understand if you’re charging a big bank this kind of money because they’re using it every day, but we don’t,” the member said.That included $1,000 a month for the Data License and $75,000 to access to Bloomberg’s Multi-Asset Risk System (MARS), which treasury uses to extract much larger datasets every few years.

In 2021, this member’s total annual charges topped $140,000.One member said her treasury team only logs on to Bloomberg Anywhere three times a month, using the Data License to publish the company’s 65 spot exchange rates for monthly internal reporting.The prices present a dilemma for treasury teams that don’t use the high-end tool on a daily basis but haven’t found alternatives they really like. The cost of paying Bloomberg’s data fees on top of what the company charges for a Terminal subscription sparked complaints and conversation at a recent meeting of NeuGroup for Foreign Exchange 2. Members express frustration with Bloomberg’s data licensing fees and some explore alternatives.