Bloomberg LP has finally pulled ahead, with 30.44 percent market share in 2011 versus longtime rival Thomson Reuters‘ 30.05 percent, according to a report released Wednesday by Burton-Taylor International Consulting, reports Matthew Flamm of Crain’s New York.
“Overall spending on market data and analysis reached a new high in 2011, growing 6.1% over the prior year to $24.94 billion, according to Burton-Taylor. Even so, the year ended on a down note amid ‘uncertainty in the Western European economies and late-year contraction by market data users,’ Douglas Taylor, managing partner of Burton-Taylor, said in a statement.
“‘Much of the revenue growth was the result of price increases, currency conversions, and non-data related turnover such as transaction fees,’ he said.
“Manhattan-based Bloomberg has been gaining on its rival for years. In 2007, the year Thomson Corp. and Reuters Group agreed to merge, Bloomberg had 26% of the market, against Thomson Reuters’ 36%.”
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