BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEPrivate

Bloomberg Terminal

Private ~$70B325,000 terminalsBanks & Financial Markets
7.21
B-index (V3.1)
BLACK HOLE
Capture2.232
Escape0.310
Key Structural Insight

The original Black Hole. 30+ years of lock-in. Benchmark against which all platform lock-in should be measured.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth9/10
Memory7/10
Action8/10
Process9/10
Network9/10
Closeness9/10
Portability2/10
Substitutability3/10
Human Fallback4/10
Org Depth9/10
Momentum5/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.8229CES(d, m, a, p)
Knowledge synergy σₖ0.7937√(d · m)
Operability synergy σₒ0.8485√(a · p)
Synergy boost1.24631 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.45001 + 0.5·o
Momentum multiplier1.15001 + 0.3·t
Total Capture2.2317c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.2943CES(x, s, h)
Feedback attenuation0.7120max(0.3, 1 − 0.35·core)
Total Escape0.3095ε + escCore · feedback
B = Capture / Escape7.212.232 / 0.310

Scoring Rationale

Decades of custom screens, alerts, analytics. Bloomberg IB messaging = industry standard. Full workflow research-to-execution. Refinitiv exists but with major feature/network loss. Traders lose manual analysis skills.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE9
+1.60
PORT2
-1.41
SUB3
-1.12
FALL4
-0.96
MEM7
+0.70
ACT8
+0.66
PROC9
+0.62
DATA9
+0.61
NET9
+0.50
ORG9
+0.50
MOM5
+0.38
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsBanks & Financial Markets (7 peers)

#PlatformTickerB-indexZone
01SWIFT-6.78BLACK HOLEProfile →
02JPMorgan ChaseJPM6.13BLACK HOLEProfile →
03BlackRockBLK5.21BLACK HOLEProfile →
04Goldman SachsGS4.11BLACK HOLEProfile →
05Interactive BrokersIBKR2.49EVENT HORIZONProfile →
06Charles SchwabSCHW2.26EVENT HORIZONProfile →
07Refinitiv/LSEGLSEG.L2.19EVENT HORIZONProfile →