'Trust But Verify’ Key to Contracts Post-Bloomberg Spying Scandal

Brian Nadzan, Chief Development Officer at TradingScreen

Recent reports that Bloomberg monitored client communications and usage data signal yet another flashpoint in the ongoing debate between vendors and financial institutions over what is suitable in terms of access to—and surveillance of—information.

As more of those services become cloud-based, expectations around demonstrable verification and auditing practices have heightened, but discussing where data usage for product development ends, and more nefarious activity begins, is not such a bad thi