Market Data Biz Up 10% In 1996; Bloomberg Is No. 2
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Driven by strong demand from the investment user segment, the global market for real-time financial information grew 10 per cent in 1996 from a year earlier, according to Waters Information Services' MDI: The Market Data Industry.
A substantial portion of the percentage gain came from subscriptions to sophisticated data and analytics services used by money managers, institutional sales traders and research analysts. This investment segment generated $1.13 billion of revenue in 1996, compared with
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