NASDAQ OMX (NDAQ) Acquires RapiData
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The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) today announced it has acquired the business of RapiData LLC, a leading provider of machine-readable economic news to trading firms and financial institutions. With this acquisition, NASDAQ OMX will deliver U.S. government and other economic news directly from the source to customers interested in receiving information in an electronic feed.
RapiData delivers dozens of U.S. government and other economic indicators to a variety of market participants, giving them instant access to events that are incorporated into algorithmic trading systems. Potential beneficiaries include trading firms that incorporate macroeconomic news into their trading algorithms, conventional traders who use machine-readable news to manage risk, and institutional investors who seek long-range strategies, liquidity opportunities and target investments.
RapiData delivers dozens of U.S. government and other economic indicators to a variety of market participants, giving them instant access to events that are incorporated into algorithmic trading systems. Potential beneficiaries include trading firms that incorporate macroeconomic news into their trading algorithms, conventional traders who use machine-readable news to manage risk, and institutional investors who seek long-range strategies, liquidity opportunities and target investments.
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