Absolutely agree. I think what I was trying to say, and didn't do a good job of it is this, why is it surprising that this kind of data leak exists at Bloomberg? It seems that most of the news reporting is trying to spin this into a mega-scandal, but the financial world is kind of "meh" about the whole thing...at least publicly.

I think it's because they've already accepted the fact that all of their trading data is moving through those terminals and have that reality figured into their mental model of how their business operates. I don't think it's figured into their risk models however.