Bloomberg Acquires RTS Realtime Systems
July 10, 2014 - Frankfurt, Germany And New York, United States
Bloomberg has announced that it has acquired RTS Realtime Systems, a global provider of low-latency connectivity and trading support services. RTS provides market connectivity and trading tools for equities, futures, options, FX and fixed income trading.
“RTS’s strength in market connectivity is a perfect complement to our experience in data, analytics and order management,” said Dan Doctoroff, Bloomberg President and CEO. “As we continue to enhance our enterprise and trading solutions, incorporating RTS’s premier exchange connectivity and talented team will provide tremendous value to our clients.”
The acquisition will broaden Bloomberg’s exchange connectivity through RTS’s existing global network of data centers. Integrating RTS’s multi-asset trading solutions and services with Bloomberg’s suite of trading technologies will help level the playing field for Bloomberg’s global clients by giving them faster, more reliable access to liquidity venues around the world.
RTS also bolsters Bloomberg’s deep pool of market technology expertise. Bloomberg employs more than 3,000 technologists and RTS has more than 150 employees, including experts in developing local market connectivity solutions throughout Europe, Asia and the United States.
RTS co-founder and CEO Steffen Gemuenden noted: “We are proud to bring our rich heritage of high quality market connectivity and trading support applications to the Bloomberg family. Their investment in our people and technologies will greatly benefit clients looking for differentiated, multi-asset trading solutions.”
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 320,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.
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Source: Business Wire India