- Total spending hit a record $42 billion in 2023, driven by advanced technology
- According to a new report by Burton Taylor, a division of Parameta Solutions (owned by TP ICAP)
Global spending on financial market data and news continued its decade-long growth streak with revenues jumping 12.4% to a record $42 billion in 2023. Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for Pricing, Reference and Valuation data drove spending according to a new report published today by Burton Taylor International Consulting, a division of Parameta Solutions.
Slightly more than one-half of revenue is earned in the Americas, up from 48% just five years ago. Earnings among the three major geographic regions have changed little in the past year, with EMEA generating 31% of the total and Asia owning just short of 19%.
Bloomberg continues to claim the largest share of the global market data business, followed by LSEG Data & Analytics and S&P Global Market Intelligence, which are the only three providers that claim double-digit market share. Moody’s Analytics reported the sharpest revenue growth in 2023, followed by FactSet and S&P Global Market Intelligence
“The rapid growth of AI and similar advanced analytical technologies have elevated the value of market data beyond the level we’ve seen in recent years, driving notably higher growth rates in 2023,” says Hadley Weinberger, Sr. Analyst at Burton-Taylor. “Financial institutions are already using generative AI and other artificial intelligence tools across all areas of their operation, driving demand for data not only for trading and risk but also to extract intelligence in other operational areas of the business.”
The 103-page Burton-Taylor Financial Market Data/Analysis Global Share & Segment Sizing 2023 report is available for immediate download by Burton Taylor research members through the website. The report can be purchased by visiting Burton Taylor’s website here Financial Market Data/Analysis: Global Share & Segment Sizing 2024 | Burton Taylor (tpicap.com) or by contacting orders@burton-taylor.com, +1 646 225-6696.
Source: TP ICAP
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
The capital markets media outlet @marketsmedia covered Chainlink x ICE today
ICE, Chainlink to Bring FX & Precious Metals Data Onchain
“Marks a significant milestone on the pathway towards the mainstream adoption of onchain finance.”
Markets Media caught up with Kevin Duggan, Senior Managing Director of Beta and Global Trading at OTPP.
What's your biggest trading tech frustration? 🤔
Celebrating women shaping European finance
European Women in Finance Awards deadline is Aug 23
#WomeninFinance #Finance #WIF
Nominate here: https://www.jotform.com/form/250276204100339
Related articles
-
Data blind spots, specifically in private companies, have created challenges for institutions.
-
Brokers want to focus on adding value, rather than collecting and cleaning data.
-
This unlocks a new era of advanced financial products by bringing capital markets data onchain.
-
ICE Climate unifies spatial intelligence and nature exposure analytics in one platform.
-
Capturing a broader pool of market liquidity enhances the FX benchmark.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
