Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter