Thomson Reuters has completed its acquisition of execution management system (EMS) specialist Redi Global Technologies for an undisclosed sum.
First announced last September, the acquisition will see the New York-based vendor operate as a wholly-owned subsidiary under the new Thomson Reuters Redi name. Redi's trading capabilities will be integrated into Eikon, Thomson Reuters' desktop, and Elektron, its suite of data and trading propositions.
"The buy side continues to need truly open, broker-neutral trading systems and we will be actively investing in and promoting Redi to meet the needs of our customers," said Michael Chin, managing director, global head of trading at Thomson Reuters, in a statement. "By integrating the capabilities with other Thomson Reuters solutions, we will create in Eikon a truly end-to-end trading solution for the buy side while further expanding the breadth and depth of market data available via Elektron."
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