19 August 2017
visit www.avoka.com

Bloomberg pips Reuters for real-time market data revenue - FT

27 April 2004  |  10149 views  |  0 Bloomberg pips Reuters for real-time market data revenue - FT

Bloomberg has overtaken Reuters in financial market data sales, according to figures quoted by the Financial Times.

The data shows Bloomberg's share of sales rising from 39.7% to 43.1% in the $6.7bn market for real-time data used by equity traders, foreign exchange dealers and institutional investors.

Reuters, by comparison, saw its share fall from 42.7% to 39.8% last year - representing sales down from $2.89bn to $2.67bn.

The UK group, nevertheless, still dwarfs Bloomberg in its total number of installed trading positions. Reuters has 427,000 screens - including mobile devices - serving the financial services industry, down from 493,000 in 2002. Bloomberg saw an increase from 171,300 to 179,271 last year.

The sales growth at the US company reflects its premium pricing, says the FT, with average monthly screen prices of $1,342 compared with $521 at Reuters.

Thomson Financial, the third largest provider of market data, saw its revenues rise six per cent to $415m and its screens increase 3.7 per cent to 205,840.

For the industry as a whole, total sales fell 1.33 per cent to $6.7bn, while the screen count was down 6.1 per cent at just over 955,000.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Reuters recovery on track

Reuters recovery on track

21 April 2004  |  5349 views  |  0 comments
Thomson Financial buys Starquote data service

Thomson Financial buys Starquote data service

13 April 2004  |  7930 views  |  0 comments
Thomson acquires TradeWeb

Thomson acquires TradeWeb

08 April 2004  |  14868 views  |  0 comments
Reuters overall market share slips, high-end gains on Bloomberg

Reuters overall market share slips, high-end gains on Bloomberg

02 April 2004  |  8212 views  |  0 comments

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8667 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7677 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6920 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6347 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6196 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job