Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

LSE lays foundations for RNS paywall

LSE lays foundations for RNS paywall

The London Stock Exchange will this week begin moving its RNS newswire behind a registration wall, with Bloomberg clients being warned yesterday they had 36 hours to comply or lose real-time access.

From Friday 1 February, Bloomberg users will have to register their details with the LSE, or face a one hour delay on market sensitive data, according to a report on the FT Alphaville blog.

The change follows discretionary manager outrage last year after the LSE moved to a hardline position on royalties, insisting on payment by anyone who references widely quotes indices such as the FTSE 100.

While stock market announcements have been officially open to competition for more than 10 years, RNS in effect remains the monopoly provider of announcements by UK public companies.

The LSE reportedly opened a consultation on its options for providing access to RNS last year. Both Bloomberg and Reuters have now agreed to allow the LSE to mine their user data.

It remains unclear whether other third-party providers such as the Financial Times and Investegate will reach similar agreements. If they do not then users face a 60 minute delay on all market-sensitive data.    

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter