Global spend on financial market data and analysis tops $28 billion
26 March 2018 Florida
Image: Shutterstock
Spending on financial market data, analysis and news in 2017, was its highest since 2011, according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP’s data and analytics division.
The report found that global spend was up 3.57 percent, to reach $28.4 billion, topping the 28 billion mark for the first time.
In terms of constant currency, the 2017 growth was 3.27 percent, as foreign exchange adjustments benefitted the market by about $80 million.
At 33.22 percent, Bloomberg increased revenue but slightly decreased market share, as did Thomson Reuters and S&P Global Market Intelligence, while FactSet Research Systems increased share to 4.45 percent.
Moody’s Analytics led year-on-year growth with 19.06 percent, part of which was due to acquisition.
Risk and compliance users again were the fastest growing customer groups in 2017 and have now delivered a whopping 9.71 percent compound annual growth rate over the past five years.
Pricing, reference and valuation products and portfolio management and analytics products were in highest demand, growing an average of 7.96 percent and 6.80 percent per year, respectively, over the same period.
Douglas Taylor, founder and managing director of Burton-Taylor, said: “The financial market data and analysis story continues to be one of unending demand for the information and tools necessary to ensure regulatory compliance.”
He added: “Moreover, the continued posturing of global exchanges and traditional market data vendors to serve those data demands is causing significant ‘hand-wringing’ around the industry.”
The report found that global spend was up 3.57 percent, to reach $28.4 billion, topping the 28 billion mark for the first time.
In terms of constant currency, the 2017 growth was 3.27 percent, as foreign exchange adjustments benefitted the market by about $80 million.
At 33.22 percent, Bloomberg increased revenue but slightly decreased market share, as did Thomson Reuters and S&P Global Market Intelligence, while FactSet Research Systems increased share to 4.45 percent.
Moody’s Analytics led year-on-year growth with 19.06 percent, part of which was due to acquisition.
Risk and compliance users again were the fastest growing customer groups in 2017 and have now delivered a whopping 9.71 percent compound annual growth rate over the past five years.
Pricing, reference and valuation products and portfolio management and analytics products were in highest demand, growing an average of 7.96 percent and 6.80 percent per year, respectively, over the same period.
Douglas Taylor, founder and managing director of Burton-Taylor, said: “The financial market data and analysis story continues to be one of unending demand for the information and tools necessary to ensure regulatory compliance.”
He added: “Moreover, the continued posturing of global exchanges and traditional market data vendors to serve those data demands is causing significant ‘hand-wringing’ around the industry.”
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