- March 22, 2018
- Posted by: David Tabaka
- Category: Compliance, Market Data, News, Risk
The amount which businesses spent on financial market data and news last year hit a new record of $28.5bn (£20.2bn), according to research.
The spending total grew at the highest year-on-year rate since 2011, the data from TP Icap’s Burton-Taylor International Consulting showed.
The boost in research spending came in a year where imminent sweeping new regulation, the second Markets in Financial Instruments Directive (Mifid II), forced fund managers to pay brokers for market analysis rather than receiving it for free in return for a commission.
Read the full story here: http://www.cityam.com/282719/spending-market-analysis-hit-new-heights-last-year-amid