BlueGamma vs Bloomberg for interest rate data
If your Terminal is mostly used for forward curves, swap rates and swap pricing, you can keep it, run BlueGamma alongside it, or replace it for rates. This page helps you tell which fits, and how to switch at renewal.
Bloomberg covers every asset class, news and messaging, and is the reference many teams check against. BlueGamma covers interest rate data only, built to get curves into a model or a system, from $349 a month. Keep Bloomberg if you trade or follow several markets. Choose BlueGamma if rates are the main thing your Terminal does.
- 100+financial institutions
- 60k+forward curves downloaded
- $100bn+of swaps priced and valued
At a glance
| Criterion | BlueGamma | Bloomberg Terminal |
|---|---|---|
| Coverage | Interest rate data across 30+ currencies: forward curves, swap rates, fixings, discount factors, swap and cap pricing, mark-to-market | Every asset class, plus news, research and messaging |
| Price | From $349 a month for one person and one currency; Team from $1,349 a month for 5, every currency | Reported at $31,980 a year for a single Terminal, or $28,320 per Terminal for two or more (source) |
| Contract | Monthly by card, or a yearly agreement on request | Often a two-year subscription (source). A published Bloomberg contract renews automatically unless cancelled in writing at least 60 days before the end (source) |
| Getting data out | Download from the web app, Excel functions, or the API into your own system | On screen and through Bloomberg’s Excel tools, within the Terminal’s licence terms |
| Swap tools | Swap pricer for bullet, amortising and stepped notionals, MtM on existing swaps, cap pricing | Swap and derivatives pricing across a far wider range of instruments |
| Accuracy | Within 1bp of bank mids; every curve timestamped and repeatable | The market reference many teams check against |
Keep it, run both, or replace it for rates?
Most teams don’t switch overnight. It depends on what the Terminal does for you today.
Keep Bloomberg
- you trade or follow several asset classes every day
- news and messaging are part of how you work
- you price structures beyond vanilla, amortising and stepped swaps and caps
Run both
- most of your Terminal use is rates, but not all of it
- the people building models need curves in Excel
- you want to reconcile the two before deciding
Where many teams start: modellers on BlueGamma, one Terminal kept for the rest.
Replace it for rates
- curves, swap pricing and MtM are the main job
- you want the data in a model or your own system
- your renewal is coming up and the cost is hard to justify
What it costs
A single Terminal costs about $32,000 a year, as reported. BlueGamma starts at $4,188 a year for one person and one currency. The Terminal covers far more than rates, so compare it against what your team actually uses it for.
| A year, for | BlueGamma | Bloomberg |
|---|---|---|
| One person | $4,188 (one currency) | $31,980 |
| 5 people | $16,188 (every currency) | $141,600 |
Bloomberg figures from its January 2025 letter to customers, as reported by NeuGroup, per Terminal and before any discount: one Terminal for one person, five for five. BlueGamma list prices in US dollars (Individual and Team plans); the pricing page shows pounds and euros. More on the Terminal’s price: what a Bloomberg Terminal costs.
Checking our numbers against Bloomberg
It is the first thing many teams do in a trial. Our curves are within 1bp of bank mids. When two numbers differ, it is almost always one of three things.
- Snapshot time
- Compare curves taken at the same moment; rates move through the day.
- Conventions
- Match the day count, payment frequency and calendar on both sides.
- Mid or quote
- We show mid rates. A dealer quote includes their spread.
Switching at renewal
- Find your renewal and notice date. Terminal contracts can renew automatically unless you give written notice, which in a published contract is at least 60 days before the end.
- Run a trial alongside the Terminal. Reconcile the curves and swaps you use most. 14 days, no card needed.
- Move your models over. Excel functions pull the same curves your sheets use today.
- Give notice, or keep one Terminal for whatever we don’t cover.
Where Bloomberg is the better choice
Keep a Terminal if you need:
- equities, credit, commodities or FX alongside rates
- news, research and messaging with counterparties
- executable quotes and bid and offer prices, not just mids
- pricing for structures beyond vanilla, amortising and stepped swaps and caps
- Bloomberg tickers for deal documents that name them
“With BlueGamma’s rates data and swap pricing tools… our clients go to market with sharper pricing, better understood cash flows and stronger case for lenders and investors.”
Check a curve against your Terminal
Pull the curve you used last and put it side by side with Bloomberg.
FAQs
Every curve is built from live market quotes, timestamped, and within 1bp of bank mids. The methodology page shows how, and we’re happy to reconcile against your Terminal in a trial.
For interest rate data, often yes. For other asset classes, news or messaging, no. If rates are most of what your team uses the Terminal for, start by running both and compare.
30+ currencies, including SOFR, SONIA, €STR, EURIBOR and most major benchmarks. The full list of indices is in the documentation.
Yes. The Excel add-in has functions for swap rates, forward rates, discount factors and fixings, so a model can pull curves the way it does today.
No. Plans are billed monthly by card, or yearly on an agreement if you prefer to pay by invoice.
Bloomberg and Bloomberg Terminal are trademarks of Bloomberg Finance L.P. BlueGamma is not affiliated with, endorsed by, or sponsored by Bloomberg. Bloomberg does not publish Terminal prices; figures are as reported by the linked sources and may differ from any individual contract. Not investment or procurement advice.