Vendors Continue Growth Path; Thomson-Reuters on Track for Regulatory Approval

Interactive Data led the pack in underlying revenue growth, with a 9.2 percent year-on-year rise in Q2. The weak dollar helped drive reported revenues up 12.4 percent to $170 million, which—combined with prudent spending and a lower tax rate—drove net income up 33 percent to $29.1 million for the quarter.

Thomson Financial grew underlying revenues by 4 percent in Q2, with reported revenues—including the impact of acquisitions and currency fluctuations—rising 8 percent to $540 million, producing a

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit broker dealers’ use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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