BHI 3.1·Q2 2026 Bulletin
Published Jun 4 2026·Spearman ρ = 0.77·Validation: preliminary
Today's bulletin →
Movers · Q2 2026 · Jun 4 2026
PLATFORM PROFILEEXPN.L

Experian

5.82
B-index (V3.1)
BLACK HOLE
Capture1.917
Escape0.329
Key Structural Insight

US credit bureau oligopoly

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth9/10
Memory9/10
Action7/10
Process9/10
Network8/10
Closeness8/10
Portability2/10
Substitutability4/10
Human Fallback4/10
Org Depth8/10
Momentum5/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.8476CES(d, m, a, p)
Knowledge synergy σₖ0.9000√(d · m)
Operability synergy σₒ0.7937√(a · p)
Synergy boost1.25411 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.15001 + 0.3·t
Total Capture1.9168c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.3257CES(x, s, h)
Feedback attenuation0.7033max(0.3, 1 − 0.35·core)
Total Escape0.3291ε + escCore · feedback
B = Capture / Escape5.821.917 / 0.329

Scoring Rationale

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE8
+1.46
PORT2
-1.12
SUB4
-0.76
FALL4
-0.76
ACT7
+0.57
DATA9
+0.50
MEM9
+0.50
PROC9
+0.49
NET8
+0.42
ORG8
+0.42
MOM5
+0.30
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsBanks & Financial Markets (14 peers)

#PlatformTickerB-indexZone
01DTCCPrivate15.44BLACK HOLEProfile →
02ICEICE7.40BLACK HOLEProfile →
03Bloomberg TerminalPrivate7.21BLACK HOLEProfile →
04S&P GlobalSPGI7.12BLACK HOLEProfile →
05MoodysMCO6.94BLACK HOLEProfile →
06SWIFT-6.78BLACK HOLEProfile →
07JPMorgan ChaseJPM6.13BLACK HOLEProfile →
08EquifaxEFX5.98BLACK HOLEProfile →
09TransUnionTRU5.57BLACK HOLEProfile →
10BlackRockBLK5.21BLACK HOLEProfile →
11Goldman SachsGS4.11BLACK HOLEProfile →
12Interactive BrokersIBKR2.49EVENT HORIZONProfile →
13Charles SchwabSCHW2.26EVENT HORIZONProfile →
14Refinitiv/LSEGLSEG.L2.19EVENT HORIZONProfile →