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Thomson Reuters Corp (TRI:New York) today announced that it had finally purchased the trading technology firm Redi Global Technologies LLC (REDI Holdings) for an undisclosed sum, according to a Thomson Reuters report.
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The acquisition would provide Thomson Reuters’ clients with an alternative to Bloomberg’s widely used EMSX, and will also find itself competing with the likes of Fidessa, FlexTrade, Tradair and others.
Terms of the agreement were not disclosed but Reuters expects to close the deal before the end of 2016, pending customary closing conditions including regulatory ... (read more)