I am working on a project where I am fetching bulk data from Bloomberg, such as the stock of the 1000 highest valued US companies, and then computing summary statistics on them.
I would like to use R for the procedure and I am wondering which package is would suit the task better, RBloomberg or Rblpapi.
This is what I think are the pros and cons of the packages:
RBloomberg
- Has good Manual from 2010 and more SO questions
- +May be more stable since it's been around for longer
- May not work on new version of R, Requires Java
- Will likely not receive new functions and support
Rblpapi
- Faster, does not require Java
- Will likely receive new functions
- If the package is updated significantly, I may have to rewrite my code
In addition, is the functionality of the two packages equivalent?
Thank you for your input.