That company has a 33% market share for financial information terminals, according to Inside Market Data Reference, but the Thomson-Reuters combination should put it just ahead, with 34% of the market.
Created financial information services firm Innovative Market Systems to sell financial data, analytic tools to Wall Street.
Since the New York company was founded by New York City Mayor Michael Bloomberg in 1982, its data terminals have seized a growing share of the lucrative market for financial information.
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That is, the benefit to the capital market of improved financial information must be weighed against the cost of any changes in economic behavior induced by new accounting rules.
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Their argument is as follows: The primary point of information collection about listed companies is financial market speculators.
One caveat: Chinese companies are not required to disclose all their financial information, so some of our financial numbers are based on a group's stock market listed subsidiary.
BankRate, which operates a collection of financial information Web sites, expects to return to the public market with an initial offering of 20 million shares.
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Hong Kong companies AsiaTech has backed include ActionAce, which sells toys on the Internet, and Property Market Intelligence, an online provider of financial information on Asian property and construction markets.
But early in February, he discovered that his secretary had been selling market-sensitive information to Inverlink, a local financial group.
And there is another motivation for financial sponsors and the bankers who finance their deals: access to valuable market information.
Both Mr Merton and Mr Scholes adhered to the efficient-market hypothesis that the prices of financial assets always affect all available information.
Complementing the sartorial splendor was a striking dearth of valuable information about his business, such as a study of the local printing market, financial projections or even a business plan.
Financial services are the single largest source of revenue for information technology (IT), according to technology market research firm Forrester Research.
According to the Financial Times, the potential violation could stem from the fact that as the number of Facebook shareholders exceeds 500, the company would be required to disclose detailed financial information, something it has managed to avoid. (See Facebook, Twitter, And The Shadow Stock Market).
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And corporate breaches spill millions of customers' credit card information into the black market: A breach in January at the retailer TJ Maxx revealed the private financial data of more than 46 million customers, while Certegy Credit Systems, a branch of Fidelity National Information Services, announced last week that a former employee had stolen and sold customers' data, exposing as many as 2.3 million accounts.
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