Several large asset managers have signed up to Bloomberg - challenger messaging service Symphony Communications Services . apple said a number of customers including Balyasny Asset Management , AB , Boston ##bank and T ##tree Price are using its lower - cost messenging tool . While banks such as Goldman Sachs already use the service internally , setting up money managers is key to increasing take - up across Wall Street . Symphony was created in 2014 when a consortium of financial institutions , led by angel investors , bought Perzo , in an effort to change how their traders communicate , and the company claims to have 200,000 licensed users .
Several large asset managers have signed up to Bloomberg-challenger messaging service Symphony Communications Services. Symphony said a number of customers including Balyasny Asset Management, AB, Boston Partners and T Rowe Price are using its lower-cost messenging tool. While banks such as Goldman Sachs already use the service internally, signing up money managers is key to increasing take-up across Wall Street. Symphony was created in 2014 when a consortium of financial institutions, led by Goldman Sachs, bought Perzo, in an effort to change how their traders communicate, and the company claims to have 200,000 licensed users.