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Monday, December 19, 2011

Data News #2011 - 12
NASDAQ OMX Acquires the Business of RapiData

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What you need to know:

  • NASDAQ OMX® has acquired the business of RapiData LLC, a leading provider of machine-readable economic news to trading firms and financial institutions.
  • Global Data Products will be able to deliver U.S. government and other economic news directly from the source to customers interested in receiving information in an electronic feed.
 

What has NASDAQ OMX Acquired?

NASDAQ OMX has acquired the business of RapiData LLC, a leading provider of machine-readable economic news to trading firms and financial institutions. With this acquisition, Global Data Products will be able to deliver U.S. government and other economic news directly from the source to customers interested in receiving information in an electronic feed.

The addition of this offering - which will be called NASDAQ OMX Event-Driven Analytics - to our existing lineup of premier data products and services is part of our strategy to give you, our customers, more efficient access to the tools needed to compete in the marketplace. We look forward to providing this valuable offering via the same reliable, high-speed data dissemination infrastructure we use to deliver other NASDAQ OMX data.

What is RapiData?

RapiData delivers dozens of U.S. government and other economic indicators to a variety of market participants, giving investors nearly 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 has proprietary, patent-pending technology that allows it to distribute U.S. economic data in a machine-readable format to customers using a low-latency feed. Currently, RapiData has access to more than three dozen U.S. economic indicators and other economic data, including statistics from the Departments of Labor, Treasury and Commerce.

Who should I contact for more information?

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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

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