re/code: “The Bloomberg terminal makes up a significant part of the world’s financial nervous system. The machine is parked on the desks of over 325,000 financial pros who pay $24,000 a year to use it. And while it’s packed with data and news, its most popular feature by far is its instant messaging function, which traders from thousands of different banks and financial firms use to whip up deals, trade gossip and execute billions of dollars in trades every day…Symphony has been humming along in beta since April with some 30,000 people using the service. A preview was released this week and a general release is scheduled for September. And [French software engineer David] Gurlé has ambitions for it beyond the financial sector. He wants to sell Symphony to law firms, accounting offices, health care companies and companies in any other industry where exchanging sensitive information is necessary. Wall Street, he says, is just a “beachhead.”

• Update via The Hill: Warren: New Wall Street chat system could skirt oversight – boasting about circumventing regulatory oversight can earn you some critical review – in this case, from the staff of MA Senate Elizabeth Warren.