Big fund managers keen to unearth potential trading signals while remaining compliant
Investors’ twin demands for an edge over rivals and compliance with changing regulatory standards has propelled spending on specialist data to its fastest pace since the financial crisis.
Banks, asset managers, hedge funds and insurance companies spent a record $30.5bn on critical market information in 2018, according to a much-watched annual report of the world’s big data providers published on Tuesday.
The 7 per cent growth rate, or 5.5 per cent on a constant currency basis, was the highest since 2008, the report by Burton-Taylor International Consulting found.
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