How Big Banks Invested in Symphony to Challenge Bloomberg’s Monopoly

Symphony Communication Services, a secure team collaboration platform, saw heavy investment from big banks after security concerns arose around the industry standard Bloomberg Terminals in 2013. Alex looks at the different platform dynamics in play here and explains why he thinks Symphony would be a great acquisition for the London Stock Exchange (who have a pending deal to acquire analytics firm Refinitiv) to build a true competitor to the Bloomberg Terminal.

This is an excerpt from episode 72 of Winner Take All. Watch the full episode here:

Originally Aired: 02/24/20

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