Reuters Acquires Market Data Company
NEW YORK (AP) _ Reuters, the financial news and information company, said Thursday it has acquired American Real-Time Services Inc., which integrates market news and data for securities firms.
The price of the deal was not revealed. Reuters said in a statement that American Real-Time Services was acquired from shareholders, including an investment partnership and company management.
American Real-Time, founded in 1987, brings together market news and price data from various sources through a proprietary software that operates on a range of computer systems.
Reuters said American Real-Time’s clients include Prudential Securities Inc., Cowen & Co. and McDonald & Co. Securities Inc. American Real-Time executives John Bunyan and Thomas Saleh will continue to run the company, Reuters said.
The acquisition was made by Reuters America Holdings Inc., the U.S. corporate parent of Reuters America Inc. That is the main U.S. division of Reuters Holdings PLC, the British news and information service.