NEW YORK, NY- With the recent turmoil in the financial industry, the threat of litigation has become more ominous. If you are representing any of the financial institutions in the “Mortgage Meltdown”, you can be assured that processing and reviewing email will play a significant role in litigation. According to the Enterprise Storage Group, 75% of a company’s intellectual property is contained in email.
Microsoft Outlook is a standard mail platforms for most companies, but financial service firms offer a unique twist- the Bloomberg Messaging system. Just about every trader, broker, and manager has a Bloomberg terminal on their desk. These are used to execute trades but also offer real time communication. Bloomberg emails, Bloomberg Chats, and Bloomberg Instant messages are all viable means of communication and are categorized as ESI.

The challenge: Bloomberg Mail is a proprietary format and it requires specialized tools to handle its messages. Bloomberg Mail does not store the messages and attachments together, but rather has a reference to attachments as part of the message. In order to perform a logical review, the messages and their attachments have to be reconstructed.

Since the Bloomberg Messaging systems is not available in the user’s premises, Bloomberg has an archiving system that allows Bloomberg users to access messages via daily FTP downloads. These archive files are in raw ASCI text format with several hundreds, possibly thousands, of messages in each text file. Using the standard searching procedure would be a nightmare on one of these files.

The solution: RVM has years of experience working with Bloomberg data, and has developed its own engine to process the various data formats created by Bloomberg Messaging Systems. RVM’s in-house developed processing software, Revelation, can parse the daily dumps of archive text file into individual email files and match attachments to the parent email. RVM has a proven track record of performing this at scale, processing millions of messages at a time.

RVM’s software can:
- Process all Bloomberg communications- email, IM, and chat.
- Process all Bloomberg formats – XML, DAT, TEXT.
- Extract the meta data from each individual message.
- Generate a message file (plain text file) for each individual message.
- Match attachments with their messages to create a single logical unit.
- De-duplicate, search, and filter the messages.

For reputable and defensible processes with complex data types, trust RVM

Tags: Bloomberg, bloomberg mail, data

This entry was posted on Wednesday, May 26th, 2010 at 9:58 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.