16 October 2017

Deutsche Börse targets terminal market through Infobolsa joint venture

06 November 2002  |  1038 views  |  0 Deutsche Borse

Deutsche Börse has acquired a 50% stake in Infobolsa, the market data subsidiary of Bolsa de Madrid, as part of a joint initiative with the Spanish stock market operator to tap the European terminal market.

Infobolsa, which was founded in 1990, is one of the leading providers of real-time financial information in Spain and Portugal. The firm reported sales revenues of EUR12 million in 2001 and provides financial news and information via a network of 1800 dedicated terminals.

With Deutsche Börse's participation in the venture, Infobolsa says it will establish a German subsidiary initially to cover the German-speaking market with a planned launch in December. Companies will access data via the Windows-based financial information system "NetStation" or directly via an integrated data stream.

Infobolsa bundles and distributes real-time data on national and international equities, fixed income, derivatives, money and commodities markets as well as financial news from specialised newswires agencies. The company complements this content with information on the investment fund industry as well as company fundamentals and forecasts of over 40,000 corporations.

Pedro Valdecantos, CEO of Infobolsa, comments: "The aim of this project is to introduce the existing technology, content and products developed by Infobolsa to a wider European market by starting with Germany."

Deutsche Börse executive board member Christoph Lammersdorf says the deal will further the growth of the exchange's information products division.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Thomson Financial to deliver IFR Markets data over CQG

Thomson Financial to deliver IFR Markets data over CQG

05 November 2002  |  4445 views  |  0 comments
London Stock Exchange to build market data warehouse

London Stock Exchange to build market data warehouse

21 October 2002  |  6042 views  |  0 comments
Deutsche Börse to launch analytical data service

Deutsche Börse to launch analytical data service

10 September 2002  |  2868 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14296 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13026 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8933 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7835 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7562 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job