Financial Market Data Spending Hits $27b in 2016, Driven by Americas, Asia

[kreslik.news]

2016 proved to be an up and down year for markets due to wavering volatility. However, the demand for financial information was on the uptick, as has been the case for the past few years. According to a report published by Burton-Taylor International Consulting, part of TP ICAP group, 2016 saw an increase of 3.45 percent in global spending of financial information, ultimately reaching a figure of $27.48 billion during the year.

In particular, Bloomberg Terminal, a computer software module providing financial market data and other analysis, saw its user base incur a decline in 2016 for just the second time since ... (read more)