Categories: OLD Media Moves

Bloomberg maintains market share lead over Reuters

Total spending on financial market data, analysis and news rose 7 percent to a record $30.5 billion in 2018, according to a report Tuesday from Burton-Taylor International, a business consulting firm.

It’s the first time that such spending has passed the $30 billion mark. And the growth was the fastest since 2008.

“All three regions (Americas, EMEA, Asia) showed strong growth in 2018,” says Douglas B. Taylor, founder and managing director of Burton-Taylor. “The combination of meeting demanding regulatory requirements and utilizing the improving ability of Artificial Intelligence to digest and interpret data has fueled an insatiable appetite for financial market information.”

Bloomberg LP maintained its No. 1 position in the industry, with 32.5 percent market share, down from 33.2 percent in 2017. Its terminal count grew by over 5,000 users, according to Burton-Taylor.

No. 2 Reuters saw its market share also decline to 22 percent in 2018 from 22.5 percent in 2017.

They are followed by S&P Global Market Intelligence, Moody’s Analytics and FactSet Research Systems.

Of the largest global players, Moody’s Analytics led year-on-year revenue growth with 32.7 percent; however all but 5.1 percent came from the result of an acquisition.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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View Comments

Guy Prevost says:
March 27, 2019 at 2:37 pm
It may be time that "Reuters" is no longer used as the company name for the market data segment. In April 2008, Reuters was acquired by Thomson Financial, the aggregated assets were then known under the name Thomson Reuters. In October 2018, the Financial & Risk business of Thomson Reuters became Refinitiv: this is where the market data business lies. Today Reuters is only reduced to the media/news division, and this is still under the company Thomson Reuters.