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FactSet is an investment management software with a strong focus on financial data analytics for investment banking professionals.
Why pay for bloomberg?
Pros: I like that Factset allows me to purchase exactly what I want, no more, no less. No overpriced single SKU
Cons: It's not financial services industry standard yet. The more players onboard, the better it will become. I heard ML just started using it which is a big deal
Overall: Excellent product, a force to be reckoned with.