Trade, Tech and Tweets: Stock Markets May Get Even Bumpier in 2019
Stock market news today May 9
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Wall Street firms have long complained about the exorbitant cost of financial data. We just got a sense of what a goldmine it's become for the providers.
Goldman Sachs spends about 0 million each year on buying data from third-party sources, according to one executive's estimate. That figure includes simple things like the data used by investment bankers to value companies and industries as well as more complex datasets such as credit-card transactions or real-time closed caption feeds from television stations across the globe, he said.
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