FCA To Probe Antitrust Concerns In Wholesale Data Markets
By Najiyya Budaly (January 11, 2022, 12:26 PM GMT) -- The City watchdog said on Tuesday that it will investigate the wholesale data market sector after participants including banks raised concerns that limited competition in the sector could be increasing costs for investors.
The City watchdog will launch two probes into how easily asset managers, banks and clearinghouses can gain access to wholesale data. (iStock) The Financial Conduct Authority said that it will launch two probes to gather information on how easy it is for asset managers, lenders and clearinghouses to get access to wholesale data. Market participants use the data, which includes benchmarks such as Libor and indices, to evaluate the price...
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