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Basically if someone want to setup a hedge fund how much cost to buy trading software such as Flextrade, portware, Sungaurd or Bloomberg for hedge fund?

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I don't know about the others,but the base for Bloomberg is about 1200/month before any useful real-time data.

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EMS users compensate providers, directly or indirectly (by direct payment or directed order flow), an average of $10,000 per month.Traders Magazine. http://www.tradersmagazine.com/news/ems-move-from-front-office-and-into-the-cloud-woodbine-111642-1.html#Login

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