Financial Services Industry
Industry: Email Alert RSS FeedDealing with the future. (technology concerns)(includes related article on InfoWorld)
Banker, The, June, 1998 by Gandy, Tony
Financial information service providers Reuters Ltd and Bloomberg LP are not particularly concerned about the stronger competitions looming in the horizon or the probability of contracting markets because of mergers between financial institutions. Their main concern is competition with each other especially with the promulgation of the euro which is expected to have a positive impact at Bloomberg and a neutral one at Reuters. The difference in systems philosophies between the two firms is also a major concern.
Reuters and Bloomberg are building on their successes.
For Reuters and Bloomberg the future looks set fine. Neither fears the creation of a new major player with the takeover of Dow Jones Telerate by Bridge to build the second largest firm in the sector, and...
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