Xenomorph
  • Solutions
  • Technology
  • Customers
  • Resources
  • News
  • About Us
  • Request a Demo
  • Search
  • Menu Menu
  • Twitter
  • LinkedIn

News

Data Pirates and Getting a Share of the Booty

Seems like data piracy (illegal sharing of logon IDs and scraping data) is costing the financial information industry around $8 billion in subscription revenue each year reports Inside Market Data. My first reaction is that $8 billion is a lot to loose, and shows just how (surprisingly?) big the whole market is ($23 billion apparently). My second is that I wonder how many end-users who share logins illegally would not that if they faced the full costs, so maybe the number should be a lot less? Either way the stat is interesting, particularly at a time when Bloomberg seems (!) to be taking a more constructive stance on data provision and partnering. Ironic also that the report suggests that the biggest set of guilty parties on illegal page scraping are the data vendors themselves, checking on each others data.

The company that put the survey together, Burton-Taylor, seem to have some interesting background on the major data vendors. The first is on news content, saying that Bloomberg seems to concentrate on news alerts whereas Reuters seems to put more emphasis on news analysis.  The second shows shows financial information/analysis revenue broken down by vendor and geography in 2008, showing how dominant Thomson Reuters and Bloomberg are in the US and EMEA, with Quick having significant share with the big two in Asia. The third shows revenue broken down by segment and geography with FX/Fixed Income Sales & Trading, Equity Sales & Trading, Investment Management and Corporate expenditure dominating. 

Share this entry
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
https://www.xenomorph.com/wp-content/uploads/2019/07/logo-xeno.png 0 0 Brian Sentance https://www.xenomorph.com/wp-content/uploads/2019/07/logo-xeno.png Brian Sentance2009-06-29 08:55:402020-02-11 09:28:38Data Pirates and Getting a Share of the Booty

Categories

  • Blog Post
  • Events
  • Press Release

Archives

About Xenomorph

Xenomorph provides trusted data management solutions to many of the world’s leading financial institutions.

With more than two decades’ experience managing large volumes of complex data and analytics we can quickly configure a solution for your requirements.

Xenomorph London

4th Floor
10 Lloyd’s Avenue
London EC3N 3AJ
UK

+44 (0)20 7614 8600

info@xenomorph.com

map

Xenomorph New York

45 Rockefeller Plaza, FL 20
New York
NY 10111
USA

+1-212-401-7894

info@xenomorph.com

map


Xenomorph Boston

53 State Street
Suite 500
Boston, MA 02109
USA

+1-617-465-2050

info@xenomorph.com

map

© Xenomorph Software Ltd 2022 - Privacy policy | Anti-Bribery Policy
Scroll to top
This website uses cookies to improve your experience. If you continue to use the site we will assume your consent. ACCEPTRead More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT