STATESMAN NEWS SERVICE
Kolkata, 16 September
In order to further develop its footprints in India’s financial sector, Thomson Reuters, the world&’s leading source of intelligent information for businesses and professionals, today announced that it has acquired Omnesys Technologies, a leading integrated provider of sell-side order management systems (OMS) and high frequency trading solutions for Indian exchange traded instruments.
However, the terms and conditions of the acquisition were not disclosed.
The acquisition of Omnesys Technologies extends and complements Thomson Reuters’ financial market data desktop and feeds offering to the financial industry in India, according to a company statement.
By combining Omnesys Technologies’ market-leading sell-side order management system and high frequency trading capabilities with Thomson Reuters content, analytics, quant and event driven trading infrastructure, the company now offers Indian customers a portfolio of integrated and innovative solutions for exchange traded instruments that are tailored to their market.
Commenting on the development, Mr Swarup Choudhury, managing director, India, Thomson Reuters, said: “The acquisition of Omnesys Technologies is an exciting step forward in expanding Thomson Reuters’ regional presence and demonstrates our ongoing commitment to the financial marketplace in India.”