Bank of America Merrill Lynch, Credit Suisse, Citigroup, JPMorgan Chase, and CFI Group have just joined the alliance with the original partners Deutsche Bank, Goldman Sachs, Morgan Stanley and Thomson Reuters. It all started with the Bloomberg snooping scandals, which caused many banks to pay renewed interest to the long talked about Federated Chat system.įederated Chat is a open source chatting system run by Markit. Recently a proverbial earthquake has been felt in the small, but exclusive world of trading terminals.

All you need to do is look at Michael Bloomberg’s fortune to figure that out. You always want to sell the pickaxes, never use them to look for gold. Who would you rather be? The gold digger or the guy selling tools, Levi’s, and food?įamously, the suppliers in Klondike made more money than anyone else in the gold rush. (pssst: the very best thing in this blog post is right at the bottom) But this makes me ask myself two questions: Is the world of finance ready to move forward from high priced trading and information platforms? And will thinking in Motifs change everything?

The cold war in the world of trading and information is heating up, as Reuters scrambles to move clients over to a new platform.

Bloomberg terminal cost per month