Bloomberg has acquired RTS Realtime Systems, a provider of low-latency connectivity and trading support services, bringing RTS’s infrastructure, software and personnel into the fold, according to a company statement.
RTS provides market connectivity and trading tools for equities, futures, options, FX and fixed income trading, according to the statement.
“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, in the statement. “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 gives Bloomberg’s exchange connectivity services access to RTS’s global network of data centers. Bloomberg will also be able to integrate RTS’s multi-asset trading solutions and services into its own suite of trading technologies, according to the statement.
RTS’s 150 employees will also join the 3,000 technologists and experts in market connectivity Bloomberg employs, adding to Bloomberg’s “deep pool of market technology expertise,” according to the statement.
“We are proud to bring our rich heritage of high quality market connectivity and trading support applications to the Bloomberg family,” said RTS co-founder and CEO Steffen Gemuenden, in a written statement. “Their investment in our people and technologies will greatly benefit clients looking for differentiated, multi-asset trading solutions.”
Need a Reprint?
Leave a Reply