JP Morgan, Goldman Sachs, and Morgan Stanley Form New Data Company

Banking behemoths JP Morgan, Goldman Sachs, and Morgan Stanley are teaming up to create a company that will give them shared access to certain market data, which will help them cut data management costs. The trio are each investing "seven figures" in the new initiative. Here's why these highly competitive big banks are all teaming up... Tags: (NYSE: GS) , and Morgan Stanley , Banking , big banks , Big banks data company , Goldman Sachs , Goldman sachs data company , JP Morgan , JPMorgan data company , JPMorgan Goldman Sachs Morgan Stanley , morgan Stanley data company , NSE: JPM , NYSE: MS To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post JP Morgan, Goldman Sachs, and Morgan Stanley Form New Data Company appeared first on Money Morning - We Make Investing Profitable .