Börse Stuttgart Acquires Data Startup Sowa

The acquisition will boost the exchange’s data analyticsand innovation capabilities, officials say.

alexander-hoeptner
Alexander Höptner, Börse Stuttgart
Börse Stuttgart

Though Börse Stuttgart is not disclosing terms of the deal, it says in a note announcing the acquisition that a “seven-digit figure changed hands in the transaction.”

Sowa was set up in 2013 as a spin-off from European Union-backed research initiative to develop data extraction and decision-support infrastructures for financial markets. Sowa pre-filters Twitter data using between 20 and 40 financial markets-related criteria, driven by algorithms based on machine learning and human expertise.

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