With the US Securities and Exchange Commission now allowing firms to make corporate disclosures on social media, Bloomberg has decided to integrate Twitter into its terminals:
"When important news is shared on Twitter, traders and investors need to be able to access it, and validate its importance in order to incorporate that information into their decision making process," said Jean-Paul Zammitt, head of sales and product development for the Bloomberg Professional service.
"We recognize the rapidly growing importance of social media as a means for companies to release important, market-moving information," said Karl Braasch, fund manager and co-founder of Bristlecone Capital Partners. "It is extremely valuable to our business to be able to access this information on the Bloomberg Professional service in the same manner we use it for other market related applications and analytics."
For most a regular a Twitter account will remain more cost effective than Bloomberg's premium data services (a terminal will set you back around $20,000 a year). It's a sign that Twitter (or at least services like it) are probably here to stay as a source for fast paced news.