Cory Levine, Wall Street & Technology

Electronic communication compliance vendor Orchestria announced that it has reached the 100-user mark for financial institutions signing on for the company’s integrated Bloomberg Professional messaging compliance solution. The two companies first partnered on October 2004. While 100 institutional users is a nice feather in Orchestria’s, cap, I’m left wondering just what exactly the rest of the many thousands of Bloomberg Professional users are doing to ensure compliance over their messaging.

Orchestria’s solution is hosted in the Bloomberg data centers and monitors messages in real time. This enables firms to proactively approach the application of regulatory guidelines and company-specific policy to messages, and prevent non-compliant messages from being sent.

Does Bloomberg support other messaging compliance vendors, and does it go so far as to host Orchestria’s competition on its servers as well? I will update as soon as Bloomberg returns my call.