Some trading and investment firms are calling for competition regulators to scru...
While LSE-Refinitiv would form a bigger non-exchange data player, it would still lag market leader Bloomberg LP, Douglas Taylor, managing director of consultants Burton-Taylor, said.
“A key point will be, how transparent [LSE-Refinitiv] are in the pricing of the data and ensuring that access to the data is fair and equitable in order to not disadvantage one market participant over the other,” Wald said. “The rising cost of market data is of concern to the Investment Association and its members, as investment managers are required to buy this data in order to trade and by regulation,” Galina Dimitrova, Director for Capital Markets at the British trade body told Reuters.
“A philosophy of openness is a core value of both companies and we don’t anticipate any of these fears on data restriction to be founded in the actual strategy,” one source familiar with the deal said.David Lester, who was LSE’s Chief Strategy Officer until 2017 predicted “market noise” around data charges, potential conflict of interest on pricing and market structure evolution but saw no insurmountable antitrust issues.
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