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Whitaker Securities Adopts Bloomberg Vault Behavioral Analytics & Social Media Surveillance

April 14, 2016

Whitaker Securities LLC, a fixed income inter-dealer brokerage, is using Bloomberg’s enterprise compliance platform, Bloomberg Vault, for social media monitoring and compliance, Bloomberg executives announced today.

Bloomberg Vault’s communications, compliance and analytics empowers Whitaker to manage social media access across its organization, deepening visibility into the commercial use of social channels and meeting regulatory communications, surveillance, and archiving requirements.

“Utilization of social media will enable us to connect with customers, network with colleagues and stay informed. It’s now so ingrained into our lives that its prominence can no longer be ignored,” said Rosalie Nicosia, Chief Compliance Officer of Whitaker Securities. “Whitaker recognizes that social media is a valuable tool but we also need to remain compliant with our regulatory obligations to capture business-related communications. Bloomberg Vault’s analytics and compliance tools help us balance the need to derive meaningful insight and connect with customers with the requirement to manage communications and social media access across our organization.”

Bloomberg Vault’s social media surveillance and compliance solution was enhanced in January through the acquisition of Netbox Blue’s intellectual property, patents and engineering assets. More than a thousand Bloomberg Vault clients, like Whitaker Securities, use Bloomberg Vault to monitor and control access to communications channels such as social media and online collaboration applications, like Facebook, Twitter, LinkedIn, AOL Instant Messenger, Yahoo Messenger, GTalk, Yammer, and Skype for Business. The technology also provides visibility into the use of social media across the enterprise through advanced behavioral analytics.

“Now it’s more important than ever for firms to detect and quickly act on inappropriate behavior to prevent market abuse,” said Harald Collet, Global Head of Bloomberg Vault. “Surveillance platforms are evolving to provide rich context around each compliance event, including behavioral and social network analysis across all communication, voice, social media, trade, news, and market data.”

Bloomberg Vault provides clients with cloud-based surveillance functionality and analytics to meet increasingly stringent regulatory guidelines, prevent market abuse, and deepen visibility into the commercial use of social media. These compliance capabilities integrate seamlessly with Bloomberg Vault’s other communications archiving, eDiscovery and trade reconstruction functionality.  To learn more about Bloomberg Vault, please visit www.bloomberg.com/vault.

About Bloomberg Vault
Bloomberg Vault is a secure managed service for information governance, surveillance, data analytics and trade reconstruction across the enterprise. It leverages the scalability and reliability of Bloomberg’s global infrastructure, which distributes up to 360 million daily messages and manages more than 90 billion archived records on behalf of Bloomberg Vault subscribers. Bloomberg Vault also offers compliant record-keeping functionality to help more than a thousand firms manage and safely archive a broad range of enterprise communications and collaboration data to meet mounting legal and regulatory requirements on a global scale. Bloomberg uses Vault’s technology to capture and safely encrypt its own email and instant message data. To learn more about Bloomberg Vault, please visit www.bloomberg.com/vault.

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 325,000 subscribers globally. For more information, visit http://www.bloomberg.com/company or request a demo.

About Whitaker
Whitaker Securities LLC is dedicated to providing first-class service to our customers and counterparties. Established in 2002 as an institutional fixed income inter-dealer broker, the firm participates in US Government Treasuries, Corporate Debt, Agency Debt, Emerging Market Credit, Corporate Repurchases as well as EMEA Sovereign Debt from its four geographically diverse locations. The firm credits its success to the exceptional talent of its staff and its continuous transparency with clients in this ever changing financial landscape.