
names such as Reuters, Bloomberg, Telekurs, Thomson Financial and FT Interactive
Data. It is a competitive market – much of the content (stock prices is a good example)
comes from the same original source (an exchange in this case). The vendors each
acquire, collate and distribute the content as part of their information services.
Second, pretty much by default, each vendor formats and packages the data content
differently. There are no (at least not yet) defined industry standards for either format
of content sets. Consequently, there is no concordance across all the various sources
used by the industry.
Third, it is extremely rare for any one financial ...