Who Dominates the Financial News Markets?
We have just read an AFP article that gives a good summary of market share in the financial news markets. The US and Europe are dominated by US firm Bloomberg and Canadian-British Thomson-Reuters (in the process of merging), who each have a third share of the global market. They are trailed at a distance by three US companies and one Swiss firm, according to Inside Market Data.
Here are some numbers from the article:
US-based Interactive Data, owned by British group Pearson, is the closest runner-up, with a five percent market share. Dow Jones, bought last year by News Corporation, holds a three percent slice, as does US rival FactSet. Switzerland-based Telekurs has a two percent share.
All these agencies provide financial information and services to finance professionals worldwide with the support of real-time data and electronic trading.
The global financial data market, excluding ratings, reached 12.5 billion dollars in 2006, according to Inside Market Data.
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