The real reason to have bloomberg, other than data, is actually the chat.
OTC (things that don't trade on exchanges) markets are a lot closer to ebay or facebook marketplace than many realise, for example, e.g. you ask for a price, possibly haggle a bit, say you want it, behind-the-scenes people scurry off and actually make it happen.
When you first activate your terminal bloomberg send you an email congratulating you on joining "the exclusive club" (this is exaggerated, they want you to feel special, but there's truth to it).
As well as all that bloomberg is technically also still (iirc) one of the largest private computer networks.
> That must be a fun project to work on
Unfortunately possibly quite the opposite for many, although no first-hand experience.