The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Moving Interactive Forward – Slowly

Unsurprisingly, there has been little news from Interactive Data on how its ‘strategic review’ is progressing. As you’ll recall, the company took everyone by surprise – including its staff – with the announcement that it’s exploring options as its current owner, Pearson, looks at focusing on its core business, which increasingly seems to be not financial.

The strategic review even received cursory treatment in Interactive Data’s annual results announcement, and executives there seem to be as in the dark as we are. That said, our grapevine suggests that things are indeed progressing.

Details are scant, but it appears that there remains only one remaining potential trade buyer in the running: McGraw-Hill. It seems that other trade suitors, like Thomson Reuters, Markit Group and even Bloomberg, may have kicked the tyres but ruled themselves out of the bidding, most probably because the antitrust hurdle would be simply too high.

There would be a delicious irony about a McGraw-Hill transaction, of course. That would involve a return of its old Comstock business, which now finds itself part of the new Interactive Data Real-Time Market Data & Trading Solutions group. That would be intriguing.

But McGraw-Hill isn’t the only interested party in discussions with Pearson, it transpires. Four private equity groups are believed to be in talks about a possible buyout.

We should learn more in the coming weeks.

Related content

WEBINAR

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

Technology Trends in Institutional FX

By Mike O’Hara, A-Team Special Correspondent. Daily trading volumes in global foreign exchange markets topped $1.79 trillion in November 2020, according to CLS, making FX by far the most heavily traded asset class. Most of this trading volume is executed either indirectly through electronic platforms or bilaterally between counterparties, rather than on traditional ‘exchange-type’ venues....

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...