Citi dumps Bloomberg chat groups

The Financial Times reports Citigroup is pulling its foreign exchange traders out of Bloomberg chat rooms.

Read: Did Bloomberg spy on JP Morgan, Goldman?

“The US bank will move its traders, many of whom are based in London or New York, on to an internal platform to share information by the end of the month. Traders will still be allowed to use Bloomberg’s instant messaging service to contact each other internally and to contact people outside the bank,” the report notes.

It adds that Citigroup says the move has been in the works for some time and has nothing to do with recent reports that Bloomberg journalists used the firm’s ubiquitous data terminals to access private information.

Read the rest here.

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