Opalesque Industry Update - The financial services industry spends
more than $1.2 billion annually on consolidated market data feed products, according
to a new report from Greenwich Associates.
The new Greenwich Report, Revitalizing the Consolidated Real-Time Feed
Business
“The thirst for market data continues to increase in response to new applications
such as mobile services, new markets through global initiatives and the
ever-expanding number of compliance requirements,” says Dan Connell, Head of
Greenwich Associates Market Structure and Technology Practice and author of the
report
Thomson Reuters has 50% market share
To date, the biggest winner from this growth has been Thomson Reuters, which has
secured a market share well over 50%. The company’s continued focus on coverage,
speed of delivery, analytics, and value-added services such as data distribution
platforms and permissioning systems ensures they will keep their central place in
this market and further expand their presence around the world.
Bloomberg has invested heavily in this space as well, and the company's focus on
data feed technology has left them with the fastest year-over-year growth rate of
anyone in the category. Other notable vendors that round out the top five by revenue
include Interactive Data (now owned by ICE and poised for growth), ACTIV Financial
(with differentiating FPGA technology) and SIX Financial Information.
“In selecting a market data provider, the largest global firms often make their
market data decisions based on the depth of the offering—such as accessing specific
Asian markets alongside U.S. equity feeds, for instance,” says Dan
Connell |
Industry Updates
Financial service firms spend $1.2bn per year on consolidated market data feeds
Friday, June 03, 2016
|
|