Goldman Sachs to ban traders from chat services

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Goldman Sachs is looking to ban traders from using some computer-messaging services, apparently to try to protect the proprietary information of its sales-and-trading operation

  • Instant-messaging services are out unless approved by management (apparently the Bloomberg IM is not on the approved list)
  • Trying to prevent information from internal conversations from being disseminated outside the bank
  • Traders will be permitted to communicate only over systems cleared by Goldman managers, apparently the Microsoft’s Lync and Enterprise IM by BlackBerry will be approved
  • JPM and Citi have already limited the use of chat services

No word/leaks on the carrier pigeon policy as yet

Goldman Looks to Ban Some Chat Services Used by Traders (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.


All|Asia Pacific

goldman sachs

Eamonn Sheridan


  1. …or hand signals from the windows

  2. “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

    – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)


  3. Doomed you’ve obviously very limited understanding of the U.S. banking system and the Federal Reserve. Might I suggest a book for you to read called “The Creature From Jekyll Island” for starters.
    Secondly I’ve provided a couple of links since you’re like to post so much disinformation.
    regarding the Australian Dollar being undervalued, I agree that it is . You have to factor the 2.5% carry that the RBA pays which is by far the highest of the majors. Also Australia has far smaller deficits then any of it’s counterparts, and now rate hikes are pushed back or off the table this year. No country has ever failed from having a strong currency. Weakening currencies is just a way for governments to inflate their way out of debt.

  4. Good morning Trendline.
    Believing currencies should be strong and believing a currency is going to strengthen are two separate issues.
    You think the AUD is undervalued? Then go long… 88c is just above your head waiting to be snatched.

    In my opinion, which I’m sure you’ll hate, a 2.5% carry doesn’t trump the risk of further easing, the risk of currency intervention, incredibly high levels of private debt, structurally rising unemployment or the massive longterm downtrend.

    But I agree ‘a rate hike’ is off the table… you do know what a rate hike is right?

  5. Doomed or whoever you are. Your babble might work on other people but not me. You talk out of both sides of your mouth. It’s a good thing you’re not a central banker, because no central banker in his/her right mind would try to further weaken a currency in an already inflated economy. You do know what input costs are don’t you?

  6. Who said central bankers have to be in their right minds and who cares what they ‘should’ do?
    I’d make my decisions based on what they are likely to do.
    Glenn Stevens has been clearer than most about his intentions. What motive do you think he has to lie to you?Furthermore, what could motivate the market to price the Australian dollar above his wishes?
    He won’t hike rates (and couldn’t if he wanted to) and unless the Chinese economy kicks back into exponential growth, I see few reasons for the market to bid the AUD up.

    If I was the central banker, the AUD would have been pegged ages ago.
    Australia has big enough problems trying to rebuild an economy post mining boom.
    It needs you jokers turning the currency into a oscillating casino chip like it needs a hole in the head.

  7. Why watch TV when you have Trend/line the atrocious AUD bottom picker vs. Doomed the douche

  8. We’re here all week :)
    Tip your waitress!


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