Markit to Broaden Release of PMI Data

Posted by Joachim Bartels | Mar 27, 2014 | Bloomberg, International, Markit, Thomson Reuters | 0 |

The distributor of a leading manufacturing index is eliminating a trading advantage some investors currently enjoy by ending the selective early release of the data through a single financial news organization.

Markit’s purchasing managers index, or PMI, was previously distributed by Thomson Reuters Corp., which gave the results of the business surveys to investors and other high-paying clients two minutes before they were released to the general public.

Under the new arrangement, Bloomberg LP and Thomson Reuters will be the primary distributors of the economic data and both will make the information public at the same time.

Source: Marketwatch.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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