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 Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow's Evenlode Income fund was recently removed from the Investment Association's UK Equity Income sector.

Play GAM charity football tournament: the live draw

GAM charity football tournament: the live draw

Former Chelsea and England footballer Graeme Le Saux visits Citywire to make the draw for the tournament, where all proceeds going to Wheels for Wellbeing.

Play FIFA, Panama Papers…and what everyone’s getting wrong

FIFA, Panama Papers…and what everyone’s getting wrong

VIDEO: Investigative reporter Jeffrey Robinson reveals how major corruption scandals are being mishandled and what to expect next.

Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter