[_IsThisRealLife]

I would argue they have established a sort of universal minimum threshold of information within the financial industry, across a ton of financial markets. This provides a certain amount of certainty/consistency within markets(really any sort of pseudo monopoly in a knowledge space does). Particularly in the news space, it sort of lets people assess to what degree they might have a competitive advantage by the degree to which their data is more accurate/earlier than that on the terminal/data side.

[jfoster]

It seems they must be getting the data through agreement with the companies they're collecting the data on. I wonder where the line is drawn between what they're doing and commercialised insider trading.