Bloomberg acquires trading services firm

Scott Hodder

Financial information company Bloomberg announced yesterday that it has acquired trading support technologies company RTS Realtime Systems.

Bloomberg chief executive Dan Doctoroff said incorporating RTS’s exchange connectivity with Bloomberg will provide “tremendous value” to its clients.

“RTS’s strength in market connectivity is a perfect complement to our experience in data, analytics and order management,” said Mr Doctoroff.

Bloomberg explained the acquisition of RTS will broaden Bloomberg’s exchange connectivity through its existing global network of data centres.

RTS co-founder and chief executive Steffan Gemuenden said Bloomberg’s investment in RTS will “greatly benefit clients” looking for differentiated multi-asset trading solutions.

Investor Daily