‘Massive Land Grab’: S&P’s IHS Markit Buy Creates Data Juggernaut, But Users Fear Price Hikes

“There is a massive land grab to become the central platform. It’s all about scale and being the platform for full front-to-back trading, from idea generation, to portfolio construction implementation, to trading and execution, to middle-office processing, to back-office regulatory reporting—all of these services combined,” says Brad Bailey, research director, capital markets at Celent. “If buy-side firms are comfortable with a single vendor and getting everything they want for security and knowing that these platforms will be open enough if they want to integrate with other applications, this front-to-back perspective will be huge for serving the buy side over the next decade.”