Britain eyes shake-up in financial data market – Reuters

Britain eyes shake-up in financial data market – Reuters

LONDON, Jan 11 (Reuters) - Britain signalled a shake-up in the availability and price of financial market data on Tuesday due to concerns over "limited competition" for benchmarks, indices and credit ratings.

It is the latest move by Britain to ensure the City of London remains globally competitive after being largely cut off from the European Union since the Brexit transition period ended a year ago.

The Financial Conduct Authority said a first study, which will start this summer, will look into concerns that complex contracts for benchmarks and indices prevent switching to cheaper, better quality and more innovative alternative providers.