Goldman Sachs to ban traders from chat services

Author: Eamonn Sheridan | Category: News

Author: Eamonn Sheridan

Goldman Sachs is looking to ban traders from using some computer-messaging services, apparently to try to protect the proprietary information of its sales-and-trading operation

  • Instant-messaging services are out unless approved by management (apparently the Bloomberg IM is not on the approved list)
  • Trying to prevent information from internal conversations from being disseminated outside the bank
  • Traders will be permitted to communicate only over systems cleared by Goldman managers, apparently the Microsoft’s Lync and Enterprise IM by BlackBerry will be approved
  • JPM and Citi have already limited the use of chat services

No word/leaks on the carrier pigeon policy as yet

Goldman Looks to Ban Some Chat Services Used by Traders (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)

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