Amsterdam / Schiphol Oost, December 20, 2004 - MarketXS, leading provider of real-time market data technology and trading solutions, today expressed its support for the definitive acquisition of Telerate by Reuters announced by Telerate and Reuters earlier today.
MarketXS is the exclusive distributor of Telerate products in Benelux and a Telerate partner since December last year, when MarketXS and Telerate agreed a transaction that included the MarketXS distributorship and an equity investment by Telerate in MarketXS.
MarketXS CEO Floris Alkemade comments:
"We are happy that with the public announcement made by Telerate and Reuters today, we can now provide clarity on the strategic direction for Telerate to customers that use Telerate products. Ever since the rumours of the negotiations between Telerate and Reuters came out in May of this year, the market has been awaiting further news. In particular the pledge made today by Telerate and Reuters to continue to support Telerate customers around the world with the industry benchmark information and services on which they rely, will be a great assurance to the Telerate users in our region. As Telerate's exclusive distributor for Benelux we naturally support this commitment, including the delivery of Telerate data in all MarketXS products. We believe that the combination makes good sense for Telerate and Telerate customers,
and congratulate our partner on the new ownership. MarketXS will continue to be positioned as an independent provider of state-of-the-art market data and trading solutions, employing more than 80 professionals to deliver the best support possible to hundreds of customers and thousands of terminal users in the Netherlands, Belgium and Luxembourg."