Source: Dow Jones
Dow Jones Newswires, the world's leading independent provider of real-time business and financial news, has expanded its real-time news provision to Townsend Analytics' RealTick platform with the inclusion of a German-language news service.
In addition to Dow Jones Newswires content available in North America, and Dow Jones Financial Wire and European Corporate Report — which have been available to RealTick customers in Europe since late 2003 — the trading platform now carries Dow Jones-VWD Compact. This real-time, German-language service provides a selection of the most important company and market news — as well as economic data—from Germany, Europe and nations from around the world.
The inclusion of Dow Jones-VWD Compact is a key part of Townsend Analytics' (TAL) plan to expand usage of the RealTick platform within the German financial markets. The agreement is the latest in a series of new distribution contracts secured for Dow Jones-VWD since its inception in April 2004, following Dow Jones' acquisition of the newswires and business newsletters division of vwd-Vereinigte Wirtschaftsdienste GmbH ("vwd").
"Townsend Analytics is very pleased to become a distributor of Dow Jones - VWD Compact — a premium, German-language news service which we anticipate will be of great benefit to our German-speaking clientele," said Rustam Lam, managing director, TAL Europe. "RealTick, as a leading broker-neutral platform with users in over 94 countries throughout the world, enhances its status as a comprehensive market data, analytics, and trading platform to buy-side, sell-side and active-trading customers within the German markets through this relationship."
"This agreement demonstrates the scope of international, regional and local-language news services that we are now able to offer to meet the needs of independent and professional traders," said Volker Schneider, managing director, Dow Jones News GmbH. "We are delighted to form part of Townsend Analytics' expansion in Germany."