NASDAQ OMX Will Offer Economic News in Machine-Readable Format to Trading Firms, Asset Managers and Investment Banks
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.
"With the acquisition of the RapiData business, NASDAQ OMX will deliver key economic indicators directly from the source, using our industry-leading technology," said Brian Hyndman, Senior Vice President, NASDAQ OMX Global Data Products. "The addition of RapiData offerings to our existing lineup of data products and services is part of our strategy to give customers more efficient access to the tools needed to compete in the marketplace."
"NASDAQ OMX's acquisition of the RapiData business is ultimately a win for the financial services industry and its clientele," said Matthew Edelstein, Chief Operating Officer of RapiData. "We are proud to be part of NASDAQ OMX, a world-renowned company that has defined itself through innovation and success."
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, representing a wide variety of information including statistics from the Departments of Labor, Treasury and Commerce. For more information about RapiData and the economic data it delivers, visit www.rapidatallc.com.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's acquisition of the business of RapiData LLC and other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NDAQG
CONTACT: Media Contacts:
Wayne Lee, NASDAQ OMX
+1-301-978-4875
Wayne.D.Lee@NASDAQOMX.com