Barely 3 years after completing the complex acquisition and integration of FXall, Thomson Reuters is at it again, announcing yesterday that it has agreed to buy REDI, the financial technology company once owned and operated by Goldman Sachs.
Thomson Reuters has agreed to acquire trading technology firm REDI Holdings, it said in a statement on Thursday. Thomson Reuters said the REDIPlus execution management system would strengthen its Eikon financial markets desktop by making it easier for institutional customers to trade seamlessly on the platform. The statement gave no details on the cost of the transaction. "Integrating REDI into Thomson Reuters solutions will enable us to transform Eikon into a world-class trading solution for the buy-side," said Michael Chin, managing director, global head of equities at Thomson Reuters.