Megamergers: Coming Soon to a Data Screen Near You Financial Information: Consolidation Financial Information: Consolidation with Reuters and Thomson in Talks and News Corp Eyeing Up Dow Jones, the Sector's Stock Is High

Sunday Herald › May 15, 2007

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Summary

'I have been in the industry for 23 years, " says one City broker "Back then screens would update in seconds, nowadays it is a matter of milliseconds." As the City caught up with the announcements that News Corporation was courting Dow Jones and that Thomson Financial was in talks with Reuters, it soon became clear that the need for speedy financial data was at the centre of the current tide of M&A activity in the sector.

Analysts pointed to the growing number of high net worth individuals as one reason for the rise in interest in financial news. Globally, the number of investors with more than dollars-1 million (GBP505,000) in financial assets is expected to grow at an annual rate of 6-per cent and by 2010 they will be worth a total of dollars-45 trillion, according to last year's World Wealth Report from Merrill Lynch and Capgemini.

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Megamergers: Coming Soon to a Data Screen Near You Financial Information: Consolidation Financial Information: Consolidation with Reuters and Thomson in Talks and News Corp Eyeing Up Dow Jones, the Sector's Stock Is High

More importantly, perhaps, is the fact that global financial stock is now worth dollars-140 trillion and growing fast, as emerging economies in India and China build trading capacity, according to research from McKinsey Global Institute.

This is the focus of the data terminals currently installed in trading floors around the w...

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