Report Shows Financial Information and Analysis Spend Topped USD23 Billion in 2007

A report earlier this month by Burton Taylor International Consulting LLC shows the global spend for financial information and analysis topped USD23 billion in 2007. It states that roughly half this spend came from the Americas and almost 30% occurred in the Fixed Income/Foreign Exchange (FX) Sales & Trading segment.

The report claims that worldwide information and analysis spend by the corporate and financial services sectors grew 4.9% in 2007. They predict a growth rate of just over 6% for 2008, to USD24.4 billion.

They also comment on the pending merger of Thomson and Reuters. They cite the new combination will have a 32% share of this USD23 billion market.

Burton Taylor asks if the new combination seek to maintain a dominant position in the low margin Wealth Management segment. They wonder how the Investext, FirstCall and Multex franchises will be impacted? They ask which company will step-up alongside Thomson-Reuters and Bloomberg to form the new “Big 3?”

This news item is from Bobsguide.