Thomson Reuters To Buy FX Alliance

Posted by Joachim Bartels | Jul 9, 2012 | Ownership Changes of Information Companies, Platforms / Workflow Tools, Thomson Reuters, United States | 0 |

Thomson Reuters will acquire all of FX Alliance for $22 a share in cash and the deal is expected to close in the third quarter of this year.

Thomson Reuters, which also produces news that competes with News Corp.’s Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires, traditionally caters for the interbank currencies market, while FX Alliance provides trading for corporate and other institutional clients. The merging of the two platforms will likely crank up the pressure on competing systems.

Source: 4.traders.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.