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What about traders operating Bloomberg terminals? Do they need to come in, or can they VPN into their terminals remotely?
by HenryKissinger 7y ago
What about traders operating Bloomberg terminals? Do they need to come in, or can they VPN into their terminals remotely?
- huac 7y agobloomberg anywhere exists (cloud version) -- but there are regulations that require trader behavior to be monitored. no personal devices on the floor, for example, last thing you want is someone to send encrypted messages over signal that the SEC/your bank can't read. these seem to be mostly waived: https://www.bloomberg.com/news/articles/2020-03-09/finra-concedes-virus-may-impact-wall-street-oversight-of-traders https://www.bloomberg.com/news/articles/2020-03-09/finra-con...
- alblue 7y agoWhile there’s nothing technically stopping them from being able to work remotely, in practice there are local regulations in place which means traders can only operate from the business location itself, using phone lines with recorded features etc. so they are unable to do insider trading. When offices had to be evacuated for other natural disasters, different offices in other parts of the globe would step up and manage the state of play until it was safe to return. TL;DR, yes, they need to come in.
- Leherenn 7y agoAt the private bank my sister is working in, they will have to come on site. Apparently they will be rotated regularly.