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Bring it on back

Financial institutions have realised that they are giving away valuable information to data providers only to buy it back as analysis. Joanne Hart reports on how some companies are getting together to do it for themselves

Revolutions are known to be noisy affairs. But 22 years ago, one man quietly founded a company that was to revolutionise the way financial markets do business. Michael Bloomberg set up his eponymous online network in 1981. Slowly but surely, the company expanded its service, covering virtually every region, every asset class and every communication medium.

Where Bloomberg hit the jackpot was in

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