Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trading Technology

10:19 AM
Connect Directly
RSS
E-Mail
50%
50%

Deutsche Borse Acquires Algo Trading News Provider

In an effort to expand its Market Data & Analytics segment, Deutsche Borse has acquired U.S. financial news service Need to Know News, a provider of machine-readable news for algorithmic trading.

In an effort to expand its Market Data & Analytics segment, Deutsche Borse has acquired U.S. financial news service Need to Know News, a provider of machine-readable news for algorithmic trading.

Need to Know News will become a subsidiary of Market News International, a Deutsche Borse Group company.

In a statement, Holger Wohlenberg, Managing Director of Deutsche Borse Market Data & Analytics, said, “The acquisition of Need to Know News reflects our growth strategy with globally relevant information for algorithmic traders. We see an increasing demand from market participants pursuing automated trading strategies to integrate financial news and other event data into their algorithms, in addition to real-time market data.”

Deutsche Borse aims to combine its development of ultra high-speed data feeds with content provided by Market News International.

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.