FCA to review competition concerns in wholesale data markets
- FCA will launch 2 market studies and gather further information to investigate access to wholesale data
- It will look into concerns that complex contracts for benchmarks and indices prevent switching to cheaper
- Benchmarks and indices are used by market participants like asset managers, banks, and clearing houses to track
- Launch a second market study to assess whether high charges for access to credit ratings data is adding costs to investors
- Access to high-quality credit ratings helps investment managers assess financial risk
- Also now begin gathering further information on competition in the market for wholesale trading data
