KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Tuesday, January 18, 2022
© 2022 U-S-NEWS.COM
Online Readers: 334
New York: Tuesday, January 18, 2022
Online: 348
Donald Trump's new social media platform "TRUTH Social" Join the Waiting List - Click here
FILE PHOTO: The logo of the Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London

STOCK MARKET: Britain eyes shake-up in financial data market



FILE PHOTO: The logo of the Financial Conduct Authority (FCA) is seen at the agency’s headquarters in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren

January 11, 2022

By Huw Jones

LONDON (Reuters) -Britain signalled a shake-up in the availability and price of financial market data on Tuesday due to concerns over “limited competition” for benchmarks, indices and credit ratings.

It is the latest move by Britain to ensure the City of London remains globally competitive after being largely cut off from the European Union since the Brexit transition period ended a year ago.

The Financial Conduct Authority said a first study, which will start this summer, will look into concerns that complex contracts for benchmarks and indices prevent switching to cheaper, better quality and more innovative alternative providers.

Benchmarks like the FTSE 100 blue chip index are widely used by asset managers and banks to track and compare valuations of assets like shares and bonds.

“By the end of the year, the FCA will launch a second market study to assess whether high charges for access to credit ratings data is adding costs to investors and limiting new market entrants,” the FCA said.

The sector is dominated by Moody’s, Fitch and S&P, whose ratings are used by investors to assess the riskiness of a company they are thinking of investing in.

The FCA said it will also begin gathering further information on competition in the market for wholesale trading data.

Such data is used by asset managers and banks to find the best price and liquidity in a stock or bond, critical in ensuring that end investors like pension funds are getting the best deals across a range of stock exchanges and other trading platforms.

“Concerns have been raised that limited competition may increase costs and have an impact on the types of assets that investment managers buy and sell,” the FCA said.

(Reporting by Huw Jones; Editing by Saikat Chatterjee, Kirsten Donovan)





Source link

(Visited 3 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this page and articles.
Amen and a-women

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vcnVtYmxlLmNvbS9lbWJlZC92cGVmZ24vP3B1Yj00Ij48L2lmcmFtZT4=
WATCH THIS!

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9KcWlBWFdWUEFLcGYvIj48L2lmcmFtZT4=
THIS IS IT!!!