Bloomberg revenue grew, but terminal users shrank for second time in history; S&P Global companies dominated performance; Data feed products led growth; Risk & Compliance users provided strongest demand

London, New York and Osprey, Florida:  Spend on market data, analysis and news has topped USD$27 billion for the first time according to Burton-Taylor International Consulting’s (part of the TP ICAP group) latest report published today. The findings show a 3.45% increase in global spend for financial information last year, reaching USD$27.48 billion.

Other key findings include:

• Bloomberg accounted for 33.40% of market share as a result of growth in its data feed and other non-terminal business.  At the same time, terminal counts shrank for only the second time in company history.

• Thomson Reuters market share contracted to 23.14% from 24.24%, although revenue was flat on a constant currency basis and the company showed positive net sales in each quarter of 2016.

• S&P Global Market Intelligence grew the fastest in terms of year-on-year revenue (21.85%), half of which due to acquisition.

• Platts (11.14%), S&P Global Market Intelligence (10.91%), Moody’s Analytics (10.19%) and FactSet (8.72%) delivered the highest five-year compound annual growth rates (CAGR) among market data/analysis or news vendors with at least USD500 million in global revenue.

In terms of customer demand, the report found:

• Risk & Compliance users and Research Analysts were the fastest growing customer groups in 2016. Over the past five years the greatest increase in user numbers comes from Risk & Compliance and Investment Bankers/Corporate