Financial data and software provider Bloomberg has bought low-latency connectivity technology vendor RTS Realtime Systems, arming itself with a new range of exchange connections and data centres.
The addition of futures-focused RTS will give Bloomberg a platform to complement its existing trading technologies, data and order management.
RTS links into over 120 exchanges and venues throughout the world and owns a network of data centres which provide proximity hosting and co-location services.
The firm’s connections and trading tools cover equities, futures, options, FX and fixed income trading.
For Bloomberg, the ambitious move will give its customers access to a wider range of venues, and significantly strengthens its position as a technology provider in the market.
The financial details of the deal were not disclosed.
“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.
“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.”
RTS CEO Steffen Gemuenden co-founded the company back in 1992, in light of the dawn of electronic trading.
The company has grown today to employ around 150 employees across offices in Amsterdam, Chicago, Frankfurt, London, New York, Singapore and Sydney.