Big acquisitions in financial data industry are the shape of things to come
Deals by top players crank up pressure on Bloomberg, CME Group and others to join in
08 December 2020 - 16:26
New York — Large acquisitions in the fragmented financial data industry are just a foretaste of the deal-making to come, as vendors seek to expand their offerings and secure resources to invest in new technologies such as artificial intelligence, investment bankers and analysts say.
Two of the industry’s top three players have inked transformative deals in the last two years, increasing pressure on number one player Bloomberg and others such as CME Group, Nasdaq and MarketAxess Holdings to join in, these experts said...
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