The Financial Conduct Authority has launched a study investigating the effectiveness of competition in the wholesale data market in response to a recent report questioning fairness of the trade data market.
The trade data findings report revealed a lack of effective competition and innovation in the market, with some areas concentrated among a small number of firms, resulting in little choice in providers for essential data, while switching supplier is a difficult process. Apex Group launches ESG benchmarking database for private markets Complexity presents a key issue, with data users struggling to make "informed choices" regarding its purchase due to the process involved in selling data, which in turn, combined with limited supplier choice, may result in additional costs being passed o...
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