
BlackRock to Push Wall Street Chat Tool – 4 Traders
July 1, 2016 \
6 Comments
Full Article: 4-Traders
BlackRock Inc. will urge banks, brokers and others who interact with it to communicate via a messaging platform backed by banks and investment firms called Symphony Communication Services LLC, according to people familiar with the matter
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6 Comments on "BlackRock to Push Wall Street Chat Tool – 4 Traders "
It’s not like Symphony is just a functionality release or two ahead of a similar technology and business model. There is a huge gulf between the technology, models, and delivery of Symphony and Bloomberg.. This is an inflection point on completely changing the delivery of fixed income communication. IF, and given the stakes it’s a big IF, Blackrock pushes ahead and IS the gorilla to build the Symphony external community, what is the response by Bloomberg? Its not just about losing chat, its that you look nothing like the new architecture of delivery…that can deliver lots of other stuff.
I agree with the comment & at $2k+ pm its a very expensive chat mechanism along with expensive analytics. Dealers must realise how much monies they gave away to BBG over the years & their own failures to build their own analytic deliveries.What could be interesting developments are new analytic entrants that are cheaper coupled with Symphony
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