Morgan Stanley: Bloomberg Terminal Profits Could Decline By Billions Over Next Five Years

Structural changes and market disruption could take more than $3 billion out of the informational terminal market in the next five years, Morgan Stanley predicts in a series of reports. This will impact publicly traded companies such as Thomson Reuters and FactSet but most likely hit privately held category leader Bloomberg Terminal L.P. the hardest. The catalyst for such change is increasing cost-cutting pressure and the potential for adoption of Symphony, a secure chat service provider backed by banks, asset managers and leading tech firms that continues to sign new partnerships with financial media providers. Morgan Stanley: Disruption in terminal…