Goldman Sachs: Inviting Wall Street to invest in new chat function
2014-08-15 10:01
(SIX) American Goldman Sachs has knocked the door on Wall Street in hoping to get a number of major players to invest between 5 and 6 million each in the development of a new instant messaging feature. It writes the Financial Times. The new chat feature, which aims to be an alternative to the Bloomberg terminal-based function, is supposed to consist of two existing systems that are joined together. The case of Goldman's own system, Live Current, and the software developed by startups Perzo. The new service will be called Symphony and can launched as early as in the 2015 second quarter. The companies that Goldman should have contacted is, among other things, Blackrock, JP Morgan Chase and Morgan Stanley. It says people familiar with the case. Goldman itself has declined to comment. Compared with the Bloomberg terminal-based chat feature to the new application to be more open and less expensive. Discussions on the new chat system has bubbled up during America's big banks seeking to advantage of new technologies while reducing costs. Symphony is not the only potential competitor Bloomberg terminal. Markit, which is owned by a consortium of banks, has developed a system that enables users to connect different Communication functions to each other. Louise Thorslund mailto: louise.thorslund@six-group.se www.blogg.six.seSIXNews SIX News
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