EXCHANGE BUSINESS & DATA REVENUES REVIEW 2022

1.0 2022 EXCHANGES IN REVIEW: PLUS ÇA CHANGE,…


MAREX, INTERDEALER BROKERS, LISTINGS & NO DATA

MAREX GOES PUBLIC I found the news that Marex, the…


taking your data business through the raw data transition barrier

Inhibited Views If you go up to the Peak in Hong Kong…


8 RULES FOR BUILDING A DATA BUSINESS: RULE 8 KNOWING DATA WORKFLOWS=KNOWING REVENUE FLOWS

Rule 8 Objective: Make sure dollars follow data. Identify…


8 RULES FOR BUILDING A DATA BUSINESS SUMMARY: the GLOBAL picture

DATA HAS MASS, IT WON’T WEIGH DOWN THE BUSINESS Building…


BLOOMBERG NO LONGER NUMBER ONE IN 2021: S&P GLOBAL IS ANOINTED

Interregnum 2020 and 2021 have been years of turmoil and…


8 RULES FOR BUILDING A DATA BUSINESS: RULE 3 VALUE YOUR DATA

Rule 3 Objective: Understand, then place a value on the…


8 RULES FOR BUILDING A DATA BUSINESS: RULE 4 KNOW YOUR MARKET

Rule 4 Objective: Know which clients and markets have a…


8 RULES FOR BUILDING A DATA BUSINESS: RULE 6 LEVERAGE TECHNOLOGY

Rule 6 Objective: Leverage technology as the tool to…


2021 MARKET DATA PREDICTIONS 4 THE NEED FOR NEW BUSINESS MODELS

TO BOLDLY GO In my 5 predictions for what will happen in…


FRANKENDATASTEIN LIVES: LSE/REFINITIV MERGER TAKES FIRST STEPS

SUM OF THE PARTS Frankenstein’s monster was a kludge, an…


THE BILLION DOLLAR MARKET DATA AUCTION: NEXT UNDER THE HAMMER

PANDORA'S BOX A leading market data industry M&A…


2021 MARKET DATA PREDICTIONS 2 M&A MANIA

It’s a Mad, Mad, Mad, Mad World In my 5 predictions for…


2021 MARKET DATA PREDICTIONS 3 DISCOVERING NEW MARKETS

SETTING SAIL In my 5 predictions for what will happen in…


MARKET DATA VENDORS V DATA MALLS: DATA WARS, BUYING DATA JUST CHANGED

BE LIKE WATER: NEW DATA FLOWS Bruce Lee exhorted “Be…


THANKSGIVING DATA TURKEYS: THE DOLLAR COST OF DATA NON-COMPLIANCE

What does Thanksgiving and Data Compliance have in……


THE VALUE OF DATA, MARKET DATA REVENUES 2020: SHOW ME THE 50 BILLION

US$42.2 Billion In 2019 the leading 43 players in…


MARKET DATA DINOSAURS 3 THE METEOR STRIKES

THE VENDORS ARE STILL HERE, THEY JUST WILL LOOK DIFFERENT……


CHINA MARKET DATA industry & revenues REVIEW 2020

Market Summary The estimated size of China’s leading…


MARKET DATA DINOSAURS, WAITING FOR THE METEOR TO HIT

Apocalypse Rising? The metaphors and allegories used in…


MARKET DATA DINOSAURS 2 THE METEOR APPROACHES

FINTECH MAMMALS ARISE In the second of our three…


NORTH AMERICAN STOCK EXCHANGE REVENUE KINGS 2020 DATA & MEXICAN STANDOFFS

COMPETING IN DATASPACE Introduction As in Europe 2010…


CME FUTURE DATA STRATEGIES 2020 BREAKFAST AT TIFFANY’S

CME GLOBAL NUMBER ONE One way to judge one’s value is to…


MVPs: MOST VALUABLE TRADING VENUES 2020 THE GREAT TRADING PIE FIGHT

MEASURES OF SUCCESS The differences between types of…


THE UK FCA GOES all SHERLOCK HOLMES ON MARKET DATA Solving the Puzzle of Data

MARKET DATA RUBIC'S CUBE In early March 2020, the…


Bloomberg For Sale (Perhaps) But Who Will Buy?

The news that Michael Bloomberg will sell his eponymous…


THE INVISIBLE MARKET DATA REVOLUTION The New Age of Data

When Chou En-Lai was asked “What were the historical…


TRAPPED IN MARKET DATA’S HOTEL CALIFORNIAS 1 Monopolies In Plain Sight

All Checked In, Can’t Check Out (and many, many, many,…


TRAPPED IN MARKET DATA’S HOTEL CALIFORNIAS 2 Locked Up By Contract

All Checked In & Can’t Check Out Many existing…


CREATING DATA FOR BUSINESS, The Genesis of Data

One thing we know is data is created, and there can be…


Interdealer brokers, financial markets’ bad boys: what is their future?

The IDBs are at a crossroads, greater regulation of OTC…


HKEX’s INDECENT PROPOSAL & LSE THE PROM QUEEN EXCHANGE

For a copy of the pdf please email…


HOW TO START A SUCCESSFUL DATA BUSINESS & YELLOW BRICK ROADS

HOW TO START A SUCCESSFUL DATA BUSINESSHow to Get Going…


frankendatastein or when the lse met refinitiv

Interesting news over the weekend. Please click here to…


EXCHANGES (& tRADING VENUES) IN THE NEWS W/E 2019 08 16

Thought it would be interesting to review what is…


FRTB: BANKS MUST LEARN ITS ABOUT THE DATA & IT’S GOING TO COST

The fact that FRTB should have happened 20 years ago, and…


THE SNICKERS EFFECT & HOW DATA TURNS INTO DOLLARS

Keiren Harris 21/01/2019 In the Real World In 2018 the…


Top Global Financial Information Providers, Analysis of Who, Why & Future Trends

Market Data and the Financial Information Industry has been…


CHINA FINANCIAL INFORMATION MARKET REVIEW 2018-A TOUGH MARKET TO CRACK

For the full article with graphics please go to…


5.2 Trading Places, Wheeling, Dealing & Market Data Vendors

5.2       Trading Places, Wheeling, Dealing & Market…


5.4 Market Data Vendors: Monopolies, Threats & Dollar Focus

5.4       Market Data Vendors: Monopolies, Threats &…


4.3 Business Strategies for Data Sources

4.3       Business Strategies for Data Sources (Exchanges)…


4.4 Dollar Value of Proprietary & Unique Data

4.4       Dollar Value of Proprietary & Unique Data…


5.1 Market Data Vendors: Continental Drift in Action

5.1       Market Data Vendors: Continental Drift in Action…


3.5 Market Data & Yellow Brick Roads to the Future

3.5       Hub-Busting & The Many Market Data Yellow…


4.1 Dollars & Data Sources: Revenue by Infinite Elasticity

4.1 Dollars & Data Sources: Revenue by Infinite…


1.4 Vive la Révolution!

1.4 Vive la révolution! We are now entering revolutionary,…


2.1 Pathways: Past Tense, Future Perfect

2.1 Pathways: Past Tense, Future Perfect. As we discussed…


2.2 Information Providers: Billionaires & Millionaires

2.2 Information Providers: Billionaires & Millionaires…


2.3 Information Providers: Leadership from East Coast to West Coast

2.3       Information Providers: Leadership from East Coast…


1.3 Changing of the Guard?

1.3 Changing of the Guard? New technology is bringing new…


MAREX II, INTERDEALER BROKERS, LISTINGS & NO DATA: MAREX DOESN’T GO PUBLIC

In May 2021 the news was out, Marex Spectron, rebranded to…


8 RULES FOR BUILDING A DATA BUSINESS: RULE 2 KNOW YOUR DATA

Rule 2 Objective: Discover what data is available, its’…


INTER-DEALER BROKERS REVENUE & DATA SERVICES REVIEW 2021: BUSINESS, BRANDS & SPIN-OFFS

BREAKING OUT FROM OLD MINDSETS Price Discovery. These…


2021 MARKET DATA PREDICTIONS 5 CRYSTAL BALLS

So 2021 is finally here, and seemingly continuing as 2020…


8 RULES FOR BUILDING A DATA BUSINESS: WHAT ARE THEY?

EXPLOITING RAW DATA POTENTIAL The global market data…


HOW DO I VALUE DATA? knowing THE DATA VALUE CHAINS

CREATING CONTEXT I have often been asked to write about…


2021 MARKET DATA PREDICTIONS 5 ENHANCING INTELLECTUAL PROPERTY RIGHTS

ELEPHANT IN THE ROOM In my 5 predictions for what will…


BUILDING EXCHANGE MARKET DATA BUSINESSES: SNATCHING DEFEAT FROM THE JAWS OF VICTORY

Exchange Market Data Business Failures Exchanges market…


EXCHANGE FEE CAPPING, BE CAREFUL WHAT YOU WISH FOR

HALF TIME SCORE: SEC 0 EXCHANGES 1 The Wall Street…


ESMA & The exchange data fees crucible

On 5 December 2019 ESMA released its report on Market Data…


S&P GLOBAL/IHS MARKIT MERGER: US$126B BEHEMOTH THE DATA MONSTER

DISSECTING THE DEAL, IT’S ALL ABOUT DATA IP Behemoth the…


THE WILD BUNCH RIDE AGAIN Inter-Dealer Brokers Market Data Business 2020

Squeezed:  Inter-Dealer Brokers Business in Review…


Thomson Reuters TREXIT, or Breaking Up is hard to do

Blackstone's investment in Thomson Reuters Financial &…


Indistinguishable From Magic: How Exchanges Make Money From Data

Given exchange data is currently topical with the…


WHY PAY FOR DATA?

Paying for data is a contentious issue, and in this brief…


THE BUSINESS OF INDICES, aka, The Stockholm Syndrome in Action

Benchmarks Are Brands Financial Benchmarks including…


DATA: EXCHANGES MONEY MACHINE REVIEW 2019

Exchange's revenues from data have been brought sharply…


Thomson Reuters TREXIT or Why Breaking Up is Good to Do

Blackstone's investment in Thomson Reuters Financial &…


BLOOMBERG: THE NEXT MOVE (AKA ITS MY WAY OR THE HIGHWAY)

To download the pdf, please click here Old Chinese saying,…


WHAT IS A ‘REFINITIV’? THOMSON REUTERS REBRAND BRAIN EXPLOSION

01 August 2018 To download the pdf please click here…


DATA AUDITS TRAPS AND TRIGGERS-PLAYING THE GAME 2018

To download the Presentation please go to…


FRTB Price Data Strategies for Compliance 2 Meeting the Challenge

2.1       FRTB Compliance and Consequences The FRTB is…


3.4 Business of Information, Aggregation, Fragmentation & Disruption

3.4       Business of Information, Aggregation,…


1.2 Open Skies: New Technology Horizons

1.2 Open Skies: New Technology Horizons Traditionally there…


3.3 New Technologies, Will the ‘The Cloud’ Rain on Big Data?

3.3       New Technologies, Will the ‘The Cloud’ Rain on…


1.1 Gazing towards the Future: Thoughts and Observations

Welcome to our very first post. 1.1 GAZING TOWARDS THE…


3.2 Financial Institutions & Big changes in their Market Data Requirements

3.2       Financial Institutions & Big changes in their…


5.3 Financial Benchmarks: Indices, IBORs, Deals, Dollars & Sense(?)

5.3       Financial Benchmarks: Indices, IBORs, Deals,…


3.1 The Market Data Yellow Brick Road

3.1 THE MARKET DATA YELLOW BRICK ROAD Connectivity,…