BATTLE LINES SHIFT AS REFINITIV SETS ITS SIGHTS ON DATA GIANT BLOOMBERG

The wall backing on to David Craig’s office is like a battlemap covered with his skirmishes.  The boss of Refinitiv, an 18-day-old financial data company carved out of Thomson Reuters, has scribbled on nearly every inch of the whiteboard wall with ideas to grab a greater slice of the global financial data market, worth nearly $30bn.

Craig says the “competitive landscape is changing completely” towards one of multiple players: “The new battleground is around data.”

The “B” word barely touches Craig’s lips but Refinitiv’s rivalry with Bloomberg looms large.  The financial data giant, co-founded by former New York mayor Michael Bloomberg, has a stranglehold on global markets.  Bloomberg took a third of the financial market data and analysis last year, while Thomson Reuters’s slice was 22.5pc, according to data from Burton-Taylor International Consulting.

Read the full story here:  https://www.telegraph.co.uk/business/2018/10/21/battle-lines-shift-reuters-refinitive-sets-sights-data-giant/

how can we help you?

Contact us at Burton-Taylor or submit a business inquiry online.

We help financial information companies and financial industry investors quickly improve performance by better understanding their market, competitors and customers.

COOKIE AND PRIVACY POLICY
By clicking on the proceed button, you are confirming that you have read and agreed to our cookie and privacy policy.