Report cites Bloomberg's extensive surveillance and significant investments in archiving

Forrester evaluated the 13 most significant information archiving cloud providers for its report. It found that archiving, especially in regulated industries, is shifting away from on-premises deployments to adoption of cloud services. EA professionals and their information governance stakeholders seek scalable, predicable subscription services to meet their email, message, and content archiving needs.

Understanding these challenges, the Forrester report stated that Bloomberg has made significant investments in archiving over recent years, noting, "Investment and banking firms that need to do complex trade reconstruction—combining structured and unstructured data, including voice communications—can benefit from the Bloomberg Vault's extensive surveillance/supervision capabilities."
Firms that need to comply with the in-depth recordkeeping requirements associated with MiFID II and Dodd-Frank will need to be aware of how their cloud providers can help them efficiently monitor and retain large volumes of data spanning the entire trading lifecycle.

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ABOUT THE BUSINESS

Bloomberg Vault is a secure cloud-based service for information governance, surveillance, data analytics and trade reconstruction across the enterprise. To-date it has helped more than 1,000 firms securely capture and encrypt a variety of content types so compliance managers can review trading operations from pre-trade through post-trade. To capture additional trading insights, customers can also leverage Bloomberg's post-trade transaction-cost-analysis (TCA). The TCA tool allows customers to monitor best execution, market impact and timing, and provides them with a single view of trading performance across any asset class.