The first two results I received from typing "define: utility" into Google seem apt when considering the implications of having a reference data utility for the financial markets:
"A company that performs a public service; subject to government regulation"
"The quality of being of practical use"
In terms of the first definition, there is plenty of political support for anything that could perform a public service and protect the electorate from excesses and mismanagement by the financial markets.
Anthony and James spoke with some sources about the big acquisition of Charles River by State Street, and right now, there are more questions than answers.Subscribe to Weekly Wrap emails