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Markit chat service puts pressure on Bloomberg's 'costly' messaging tools

Matthew Finnegan | Oct. 9, 2013
Several major investment banks sign up to new messaging network

He continued: "Thus the Markit initiative comes at an ideal moment. The banks that are signing up are clearly not about to ditch Bloomberg tomorrow, but they are testing out an alternative and sending a message to Bloomberg itself that it needs to sort its life out and maybe think about dropping prices or somehow bundle more things in to make prices more attractive, lest the banks do eventually decamp to another provider."

 

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