2013 Review: 2013: A Year of Disruption for Data Vendors


In October, Markit unveiled its Federated Chat initiative, an open messaging network and directory designed to share information across different communications platforms. The initiative—which was joined by Bank of America Merrill Lynch, Credit Suisse, Barclays, Citigroup, JPMorgan Chase, GFI Group, and other vendors, including Thomson Reuters—has been seen as a serious alternative to Bloomberg’s ubiquitous messaging system (IMD, May 30; Aug. 2; Oct. 7).

The project came right at a time when Blo

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