Bloomberg exec apologizes amid new report of leaks - 13 WTHR Indianapolis

Bloomberg exec apologizes amid new report of leaks

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LOS ANGELES -

Financial data and news service Bloomberg LP moved to repair damage to its reputation Monday as a published report said that more than 10,000 of its clients' private messages containing sensitive pricing data had been leaked online.

The report came the same day Bloomberg News Editor-in-Chief Matthew Winkler apologized for the news service's practice of allowing its journalists to access data about how clients used the company's financial data services.

Reporters have had access to the data, Winkler said, since the 1990s but it was revoked last month after investment bank Goldman Sachs complained.

Bloomberg's data services provide financial-market information and news, an instant messaging program and trading platforms to users. The services, which are mainly accessed by way of the company's proprietary computer terminals, are widely used in the financial industry and beyond. More than 315,000 clients pay roughly $20,000 per year for the right to use them.

The mishaps involving Bloomberg's handling of what traders had thought was private information were seen as damaging but not insurmountable for the news juggernaut founded by New York City Mayor Michael Bloomberg in 1981.

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