Global spending on financial market data and news rose 12.4% in 2023 to reach US$42 billion, according to new data from Barton Taylor, a division of Parameter Solutions, owned by TP ICAP.
Real-time trading and data spending accounted for the largest share of revenue, while demand for pricing, reference data, and valuation data drove overall spending.
More than 50% of its revenue was generated in the Americas, up from 48% in 2018. EMEA accounted for 31% of the total, and Asia just under 19%.
Bloomberg maintained its position as the world market data leader and held the largest share of the business. Along with LSEG Data & Analytics and S&P Global Market Intelligence, it was one of the only providers to end 2023 with double-digit market share.
In terms of growth, Moody’s Analytics had the fastest revenue increase of the year, followed by FactSet and S&P Global Market Intelligence.
Commenting on the drivers of this increase, Hadley Weinberger, senior analyst at Burton Taylor, said: ”
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