Banks Open Fixed Income Front in Europe’s Data Price Battle

Banks Open Fixed Income Front in Europe’s Data Price Battle
Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, on Jan. 26, 2017. Eddie Keogh/Reuters
Reuters
Updated:

LONDON—The price of bond market data has risen by half over the past five years, which could prompt some users to quit the market and damage liquidity, industry body AFME said on Thursday.

Big banks and asset managers already say that data on share trades is too expensive—a complaint rejected by exchanges—and the Association for Financial Markets in Europe (AFME) is now also targeting fixed income data costs.