Global Spend on Financial Market Data Totals A Record $32.0 Billion in 2019, Rising 5.6% On Demand For Pricing, Reference and Portfolio Management Data – New Burton-Taylor Report

LONDON and NEW YORKApril 15, 2020 /PRNewswire/ — Global spending on financial market data and news continued its decade-long growth streak with revenues jumping 5.6% to a record $32.0 billion in 2019.  Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for Pricing, Reference and Valuation data drove spending according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP’s Data & Analytics division.

Growth was consistent across all global regions, with market data spending in the America’s increasing by 5.7% in 2019, just slightly outpacing the 5.6% rate in EMEA while spending in Asia grew by 5.2%.  Market data spend in the Americas accounted for 48.2% of the global total, with EMEA and Asia accounting for 33.2% and 18.6% of the total, respectively.

Bloomberg extended its position as the largest global market data vendor, accounting for 32.7% of total spending in 2019, followed by Refintiv and S&P Global Market Intelligence with market shares of 21.4% and 6.0%, respectively.  IHS Markit reported the sharpest revenue growth in 2019, followed by Moody’s Analytics and IRESS.

“Robust demand for data to support fixed income market activities was a significant factor driving industry market data revenues, as the global investment community continued to focus resources and attention on the segment,” says Robert Iati, Director at Burton-Taylor.  “Strong performance in global interest rate markets drove spending across both the pricing, reference and valuation and portfolio management and analytics areas as end-users enhanced their efforts to fulfill risk and compliance mandates.”

Regulatory reporting obligations was a key driver of rising spend in the Risk & Compliance user segment which reported a 10.5% increase in spending in 2019.  Spending to support Investor relations and C-Suite needs also saw strong growth, reporting an increase of 10.0%.  Segments reporting lagging demand included both the sales and financial advisor areas, as the growth in passive investment strategies continued to erode the need for real-time market data products and services.

Although the Covid-19 pandemic will create a radically different environment for market data spending in 2020, many of these effects have yet to have a measurable impact on the industry.  Burton-Taylor will examine these topics in a series of future research reports.

The 102-page Burton-Taylor Financial Market Data/Analysis Global Share & Segment Sizing 2020 report is available for immediate download by Burton-Taylor research members through the research portal.  A detailed information kit for the report can be downloaded here or the report can be purchased by visiting or by contacting, +1 646 225-6696.

About Burton-Taylor International Consulting (
Burton-Taylor International Consulting, part of TP ICAP group, is the recognized leader in information industry market research, strategy and business consulting.  Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR and Market Data share figures are seen as industry benchmark standard globally. For further information see

About TP ICAP (|
TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. For further information see

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.

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