What Is Bloomberg's Equity <Equity> Platform?

Bloomberg's suite of Equity <Equity> functionality allows you to analyze the common stock ,
warrants , depository receipts , equity options/derivatives , funds , private equity listings , and
private companies markets for a complete picture of the equities environment.

Note: Access this help page at any time by entering HELP EQTY <Go> in the command line.

Bloomberg's Equity <Equity> platform is a fully integrated investment management solution,

providing industry-leading data, analysis, and solutions for equity research, investment, and
trade execution. Solutions for top-down and bottom-up analysis, as well as portfolio
management and execution, allow you to seamlessly access the tools you need for end-to-end
workflow throughout your investment process.

Top-Down Analysis

Bloomberg's top-down equity analysis tools help you seize opportunities with a
comprehensive, real-time view of global economies and financial markets. News, research, and
15,000 global indices provide perspective on factors that affect global and regional equity
markets. Equity screening tools allow you to start with a broad universe of securities and easily
focus on only those that meet your specific investment criteria. The Bloomberg Intelligence
proprietary research platform provides sector-level research that allows you to stay on top of
the latest developments within an industry and gives you unique analysis of peer performance.

For more information on using the Bloomberg menus and search tools to find top-down
analysis functions, see Functions & Help.

Return to Top

Bottom-Up Analysis

Bloomberg's bottom-up equity analysis platform provides you with the tools you need to
analyze specific securities, compare them to their peers, and determine whether they meet
your investment criteria. Comprehensive, transparent fundamental data allows you to easily
analyze historical data from financial statements, compare statements reported in different
formats, and access original source documents. Estimate, target price, and recommendation
data provide consensus values, so that you can quickly get a sense of how the security is
viewed by top analysts. Relative value and supply chain analysis tools allow you to view comp
sheets, compare peers, and give you insight on how supply chain relationships can may affect a
security's performance.

For more information on using the Bloomberg menus and search tools to find bottom-up
analysis functions, see Functions & Help.

Return to Top

Trade Execution

Our flexible trading platform seamlessly routes to nearly 2,500 broker destinations and
includes more than 50 algorithmic suites. Bloomberg provides the only broker-neutral
execution platform at no extra cost, integrated with industry-leading, liquidity discovery tools.
Whether you are using Bloomberg's Execution Management System (EMS) or another
platform, you can route orders through our open FIX network to access liquidity and working-
order analytics, as well as post-transaction cost analysis reporting.

For more information on using the Execution Management System (EMSX), see EMSX <Help>.

Return to Top

Portfolio Management

Whether analyzing your portfolio's risk or conducting "what-if" scenario analysis, Bloomberg's
portfolio and risk analytics allows for a complete understanding of the structure and
composition of your portfolios. Intraday portfolio monitoring of securities in your portfolio
allow you to act on opportunities when they arise.

For more information, see HELP PORT<Go>.

Return to Top

Functions & Help

Bloomberg's menu system and intelligent search allow you to easily navigate through
functionality to complete your workflow from idea generation and single-security analysis,
through trade execution and portfolio management.

Menu-Based Workflow

All Bloomberg functions are organized onto menus, and classified by market sector or product
type. Each menu is part of a hierarchy, going from the individual functions up to the Main
Menu of Bloomberg Functions.

To discover functions that provide information and analysis related to the equity markets, start
by hitting the yellow <Equity> market sector key on the keyboard, then hit <Go>.

The main Equities menu provides a summary of key Equity functionality, organized by analysis
type.
You can drill down the menu system to identify the functions best suited to your workflow. For
example, if you want to perform fundamental analysis on the currently loaded security, you
can click the blue Analyze (security name) Equity > link from the main Equity menu and then
select the FA Financial Analysis function link. The path at the top of each menu shows you
where you are in the overall menu hierarchy. You can press the <Menu> key at any time to
return to the menu where the function is listed and explore related functionality.

Note: You can click Main Menu of Bloomberg Functions in the top-left corner of the menu path
to browse Bloomberg's full set of market sector offerings, products, communication tools, and
Help resources.
For information on all the ways you can access menus, see the Accessing Menus topic in the
Getting Started with the Bloomberg guide (HELP <Go>).

Search

To find the functionality, securities, or other information you need, you can also just start
typing a keyword in the command line at then top of the screen. From the list that appears,
choose a function to run or a security to load to begin your analysis.

For example, if you are looking for equity screening as part of your top-down, idea generation
workflow, you can simply type Screening into the command line and select the EQS Equity
Screening function from the list that appears.

For a comprehensive search across all categories of BLOOMBERG PROFESSIONAL® service data,
you can use the Bloomberg Help Search (HL) function. For more information on Help Search,
see HL <Help>. For more information on navigating the Bloomberg, including browsing menus,
searching, and loading securities, see Using the Bloomberg.

Function Help Pages

Each function on the BLOOMBERG PROFESSIONAL® service has a Help Page, or online user
guide, that explains the function's purpose and detailed functionality.

From any function, press the <Help> key once, and the function Help Page appears in another
window.

For example, from the World Equity Indices (WEI) function, press the <Help> key to access the
WEI Help Page:
For information on finding Equity functions, see Functions & Help.

Return to Top

Data Coverage

Bloomberg's equity data coverage provides real-time, global coverage of financial data for
public and private companies. Bloomberg covers the entire financial reporting process of
companies, from earnings to preliminary releases to full fundamentals. Bloomberg analysts
located in Princeton, London, Hong Kong, Singapore, Tokyo, Seoul, and Cape Town provide
regional and industry data expertise and quality control. Numerous functions and products
across the terminal utilize financial data, establishing the Fundamentals product as the
backbone of the suite of Equity functionality.

Global Market Coverage

Bloomberg’s Fundamentals product provides financial data for about 43,700 publicly traded
companies across 140 countries. Data coverage includes more than 9,100 BRIC companies with
over 9,200 financial statement data items and financial ratios.

More than 9,200 standardized fundamental data items and financial ratios are captured and
displayed on the terminal, with a full suite of analytical tools to analyze the data, as well as
about 12,000 as-reported items.

Bloomberg’s Fundamentals product offers at least 10 years of history for public companies
globally. U.S., Western Europe, and Asia Pacific (Developed) fundamental data dates back to
1987, 1988, and 1990, respectively.

M&A activity database coverage of more than 300,000 transactions globally from multi-billion
dollar deals to small, private-company acquisitions.
Bloomberg provides full financial data for over 166,000 private companies and revenue figures
and estimates for over 520,000 private companies globally.

Global earnings estimate coverage from more than 1,200 contributors, including all Tier 1
broker-dealers. Content is continually refreshed in real time and scrubbed for accuracy by our
data teams.

Access analyst recommendations, research, and consensus estimates on more than 27,000
companies with transparency to consensus attributes.

Tracking of more than 100,000 events and transcriptions of more than 30,000 conference calls
annually.

Bloomberg’s Estimates product provides consensus and broker-specific estimate data for over
15,600 active companies across 110 countries. Data coverage includes BEst estimates for over
2,900 BRICS companies.

Bloomberg’s Index Estimates include 20 financial statement data and ratios that are calculated
on a daily basis after the market closes for approximately 25,000 indices.

Bloomberg’s Estimates product provides consensus and broker-estimate data for the next five
years for companies globally.

Speed and Processing

Bloomberg's data collection process for public companies follows each step of the earnings
and financial reporting timeline. Within 10 minutes of public disclosure of an earnings release,
key financial data points, along with a full suite of analytics, are available on the Financial
Analysis (FA) function. The financial statements disclosed in press releases or preliminary
filings are published to the terminal within 2-48 hours of the release. Once the company
releases the full quarterly, semiannual, or annual report, complete financial statements are
published within 48 hours for the main companies.

Automated Data Extraction and XBRL technology automate the data capture process for
certain countries and improve the time-to-market from days or hours to minutes. On average,
full financial XBRL documents are processed within 2-4 minutes and published to the terminal
as Partial data sets. For index companies, Fully Published data is generally available within 24-
48 hours of the release.

Bloomberg's Fundamentals team utilizes a comprehensive workflow tool that aggregates press
releases, interim filings, annual reports, exchange notices, and company websites.
Fundamentals analysts possess the appropriate language and accounting skills pertinent to the
country or industry and cover more than 40 languages.

Bloomberg Estimates analysts monitor estimate content submissions and updates from
approximately 1,050 brokers globally. The estimates workflow tool aggregates broker feeds,
broker contributed Microsoft® Excel files, and extraction data from research reports.
Bloomberg utilizes field mapping, auto parsing, and XML files to facilitate the workflow process
and allow immediate publication to the terminal once all quality checks are validated.

Data Transparency and Quality

Bloomberg provides click-through data transparency for As-Reported, Standardized As-

Reported, and Standardized data. By clicking on most data items on the Financial Analysis (FA)
function, a pop-up screen shows the point in the document where the data is displayed or an
audit trail from the standardized value to the as-reported data point in the document and the
formulas used for the calculations.

Over 15 years of data transparency is available for As-Reported data for U.S. companies and
about 10 years for all other countries. Click-through transparency from standardized data is
available from 2004 onwards for most countries.

More than 10,000 front-end and back-end checks are integrated into each point of the data
capture and review process. In addition to statistical and logical checks, the presentation and
standardization of data undergoes extensive quality assurance by Bloomberg analysts and the
Fundamentals team reviews to ensure consistency and accuracy.

Estimates analysts conduct extensive research on broker estimates to identify any adjustments
made by brokers and to verify any descriptive attributes. Descriptive attributes include
Parent/Consolidated, GAAP/Adjusted, and Inclusion/Exclusion of Non-Recurring Charges.
Attribution ensures that all estimates included in the consensus are calculated on the same
accounting basis.

Equity Security Coverage

Common Stocks

Warrants

Depository Receipts

Options/Derivatives

Private Company Tickers

Funds

Private Equity

Equity Indices

Real-Time Pricing

Real-time pricing is permissioned at the exchange level. For more information on using the
Exchange Information System (EIS) function to request real-time access to an exchange see, EIS
<Help>. For more information on using the Exchange Privileges (EXC) function to see which
exchange or exchanges are required for real-time pricing for a security, see EXC <Help>.

Return to Top