By Irene Aldridge S&P Global just announced acquisition of IHS Markit for a whopping US $44 billion, the largest acquisition in the financial data industry to date. The amount reflects the current reality on Wall Street: premium data brings on premium revenues and valuations follow. IHS Markit’s flagship offerings, like the ISM Manufacturing Index, has long been a beacon to selected hedge funds, who paid a fair share of their investors’ earnings for the opportunity to squeeze an extra edge out of the data. As shown in our book, “Real-Time Risk: What Investors Should Know About Fintech, Flash Crashes and High-Frequency Trading”, in many casesRead More →