Interactive Data to Acquire 7ticks

Dec 15, 2009


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Interactive Data Corporation announced it has signed an agreement to acquire 7ticks, LLC, a provider of electronic trading networks and managed services. The transaction is expected to be completed in early 2010, contingent upon closing conditions.

The Chicago-based 7ticks provides direct exchange access, proximity hosting, and support services for a variety of companies throughout the North American financial market.

Interactive Data expects to retain all of 7ticks' 42 full-time employees, including its leadership team. The 7ticks business will be operated as part of Interactive Data's newly formed Real-Time Market Data and Trading Solutions Group. Services from 7ticks will be marketed as Interactive Data 7ticks following the deal's completion.

(www.interactivedata.com; www.7ticks.com)