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BlackRock has become the latest venue to undergo testing of the financial messaging app Symphony, a cloud-based, communication and content sharing platform that aims to overcome internal barriers of regulatory compliance and cost.
Symphony’s messenger system is already being tested by several groups, and has pegged itself as a competitor of existing messaging systems such as Bloomberg messaging and Thomson Reuters’ Eikon Messenger.
Symphony presently boasts a strong client list of upwards of 60 banks and other financial institutions, with estimated revenues of $18 million by year-end, fueled in part by myriad customer trials.
The announcement by Symphony is the second in as many ... (read more)