Refinitiv’s data-race struggle highlights LSE challenge

Refinitiv is struggling to close the gap on Bloomberg in the $32bn financial-data industry, underlining the challenge that London Stock Exchange Group will inherit with its planned purchase of the information provider.

A closely watched annual study earlier this month indicated that Refinitiv’s share of the market for supplying prices and analytics to banks and asset managers slipped to 21 per cent in 2019, down a percentage point from the year before and well behind Bloomberg, with 33 per cent.

Over the past five years, Refinitiv has fallen back in the race to become the data provider of choice for Wall Street and beyond, according to the study by Burton-Taylor International Consulting. Its share in 2014, when the business was known as Thomson Reuters, was 26 per cent.

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