There has always been a discussion deep inside financial circles wondering if Bloomberg and its vaunted terminal could ever be displaced. Could the seeds of that displacement be in the works as Reuters is reporting that Goldman Sachs Group Inc (NYSE:GS) is interested in purchasing messaging technology to do the unthinkable? According to the Reuters article, Goldman Sachs is engaged in talks, and preliminary paperwork has been signed, to purchase Palo Alto, California-based Perzo Inc, an instant messaging startup. Instant messaging between bank traders and hedge funds is a key component of the Bloomberg terminal. Goldman Sachs “Project Babel” The purchase…
Can Goldman Sachs Replace Bloomberg's Messaging?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.