Market Data and the Financial Information Industry has been undergoing a quiet but extremely significant transformation. This has so far gone under the radar, but the Blackstone investment in Thomson Reuters could well be a catalyst for far more reaching change. For instance, where is Bloomberg going?
What appears to have gone unnoticed is the successful strategies adopted by owners of source and proprietary data, like IHS Markit, MSCI, Moody’s, S&P GMI, compared to traditional data aggregators, foremost of which are Bloomberg and TR, and the transformation of ICE Data from the latter to the former.
For the period since 2010 we analyse the financial performance of these information providers, the key reasons that have driven this performance and what the future could well hold.
The findings from the analysis were surprising.
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