The $1.4 trillion consolidated data feed market continues to grow as costs, likewise, rise. Three-quarters of respondents in a Greenwich Associates study said they expect further cost increases, which now represents “the greatest challenge facing market buyers.” Despite this stated distaste for increasing costs, few major investors plan changes to lower cost suppliers. For the big three consolidated data feed providers – Thomson Reuters, Bloomberg, and ICE – the cost increases mean additional revenue. To smaller and more nimble competitors such as RavenPack and Predata, the path to competition is through innovation.
[klarman]
Q2 hedge fund letters, conference, scoops etc
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