The Traderszone Network

Published in TZ Latest News 3 August, 2014 by The TZ Newswire Staff

Exclusive: Goldman group set to buy message system as alternative to Bloomberg

Wall Street firms led by Goldman Sachs Group Inc (GS.N) are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman’s plans said. Bloomberg has dominated messaging on Wall Street for years, but its application is part of a data, trading and news terminal that costs about $20,000 a year.