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Thomson Reuters holds lead in market data race

Friday 3 February 2012

Thomson Reuters remains ahead of its rival market data providers in the $24.5 billion global financial information business but Bloomberg is catching up despite the downturn in financial markets that has hit their revenues.

Thomson Reuters leads with about $7.6 billion and Bloomberg is next with about $7.3 billion. The two are the market leaders by far with about two-thirds of the total market for financial information, according to a commentary in Forbes magazine.

“If current trends continue with banks cutting staff and spending, 2012 is shaping up to be a tough year in finance,” said Tom Groenfeldt, a writer on finance and technology. ■

SOURCE
Forbes