Thomson Reuters Completes Redi Acquisition

Acquisition of New York-based EMS vendor to bolster Thomson Reuters’ buy-side solutions portfolio.


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."

Waters editors Dan DeFrancesco and Anthony Malakian spoke about the deal on the Waters Wavelength podcast.

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit broker dealers’ use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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