The first version of the terminal was released in December 1982. It is well known among the financial community for its black interface, which has become a recognizable trait of the service. The system also provides news, price quotes, and messaging across its proprietary secure network. It was developed by businessman Michael Bloomberg. 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.

The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P.