Bloomberg Eyes High-Frequency Trading Foray
Bloomberg is seeking to enter the high-frequency trading range.
Bloomberg is seeking to enter the high-frequency trading (HFT) range, Financial News reports. The data group is planning to create a wider range of low-latency data feeds supplying financial information as part of a wider strategy in the automated trading market.
In 2010, the international news and information group was in discussions to acquire a stake in Paris-based, low-latency trading solutions provider QuantHouse, but the deal fell through over price. The data group derives a large part of its income from terminals leased to investment banks and asset managers.
Click here for the story from Financial News.