Financial-market data comes under UK competition scrutiny
( January 11, 2022, 08:56 GMT | Official Statement) -- MLex Summary: Access to wholesale data in financial services will come under investigation by the UK's sector regulator, which is looking into concerns of "limited competition in the markets for benchmarks and indices, credit ratings and trading data." The Financial Conduct Authority suspects this "may increase costs for investors and affect investment choices." The FCA is starting two market studies this year, looking into contracts for benchmarks and indices, and also charges for credit-ratings data.The statement:...
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