Tuesday, May 14, 2013

Goldman may create own Bloomberg-like tech

Goldman Sachs is mulling reducing its reliance on the ubiquitous Bloomberg LP terminals, The Post has learned.  Irked Goldman executives are weighing such a major move because they are still steamed about Bloomberg reporters using the data giant’s terminals to snoop on employees, sources told the Post..

Goldman, sources said, is considering using encrypted Twitter accounts or creating such functions as a secure instant-messaging application that could be used within the trading community inside and outside of Goldman.

“There’s a lot of disruptive technology,” said one person familiar with Goldman’s thinking. “This [Bloomberg snooping] has given new energy to those ideas,” the person said….

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