RNS still dominates regulatory news market
17 April 2003 | 1996 views | 0
A year on from losing its monopoly on distributing company announcements, the Regulatory News Service (RNS) still has more than four fifths (83.49%) of the market.
The latest survey from Knowledge Technology Solutions (KTS) shows that although seven primary information providers (Pips) now announce regulatory news, RNS has maintained a large chunk of the market, despite the other firms having different pricing models and services.
The survey, which used data sourced from KTS' QuoteTerminal product, shows that only PR Newswire has made any real impact, capturing just over 10% of the market. The remaining five Pips, which include Waymaker and BusinessWire, share less than seven per cent.
Marc Pinter-Krainer, chief executive, KTS, says: "It was always going to be tough for the new Pips to compete with RNS because it already had such a well-known name and was the place everyone looked for market news."
Before the market opened to competition, the cost of making regulatory announcements was included in the London Stock Exchange annual listing fees.