October 28th, 2011, 8:16 pm
If you try downloading a lot of data via Excel you are reaching a limit that is calculated on a daily and monthly base. The Bloomberg DataLicense do not have that limit, but is still priced on a security base. When getting historical data for a universe of 5000 companies you get an invoice of more than 10.000 USD/month. So the DataLicense may not be a solution.Are there any other data providers than FactSet, Thomson MarketQA, Bloomberg providing financial statements and other data you need for backtesting?