Banks Will Control Symphony Exclusivity

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Mark Melin
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Symphony is not trying to kill Bloomberg. Symphony is not trying to kill Bloomberg. Symphony is not trying to kill Bloomberg. Such has been the hypnotic chant, repeated over and over by Symphony CEO David Gurlé since major banks revealed they were investing in the firm one year ago this month. As the cloud-based messaging platformed announced Monday a successful fundraising effort that was double the targeted asset raise, that chant was repeated, as Gurlé pointed to a “democratic” technical platform that was “inclusive.” That might be true of the Symphony technical platform, but who controls access to “Bloomberg-like content” and…


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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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