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Could the Bloomberg snooping scandal be good for financial markets?

18th May, 2013
Matthew Winkler, Bloomberg editor-in-chief. Photo: Bloomberg

Turning off Bloomberg

Could the Bloomberg snooping scandal be good for financial markets? Major users of Bloomberg's ubiquitous black data terminals are starting to turn away from the proprietary service, in the wake of client information breaches by some of the company's journalists.

It's not just the $20,000 price tag they're concerned about this time. Goldman Sachs is considering setting up an internal data and messaging system for traders; while Citi, which is trying to...

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