Friday, May 17, 2013

Kicking the Bloomberg habit

A number of Wall Street firms are hoping to cut back on at least some of the popular features offered by Bloomberg LP — moves that could crimp the data distributor’s bottom line.  The firms, Citigroup, Barclays, Goldman Sachs and at least one other, are making the move after The Post broke the news that Bloomberg reporters had access to some proprietary client information.

They are looking to pull back on features such as chat and instant messaging in favor of their own more secure, proprietary services.

Barclays is considering creating its own Bloomberg-like products, such as messaging, sources tell The Post..

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