MNI has direct access to news rooms from government agencies and supranational organizations such as the World Bank and the International Monetary Fund. Via MNIâs access to these sources, Deutsche BÃ¶rse is to expand its real-time information offerings for the financial markets. These information provide the basis for trading decisions to market participants.
âThe acquisition of MNI is consistent with our growth strategy of adding globally relevant trading data to our real-time data feeds. Market participants pursuing automated trading strategies and quants will benefit from new trading signals for their algorithmsâ, said Holger Wohlenberg, Managing Director of Deutsche BÃ¶rse Market Data & Analytics.
As yet, Market News International has been a subsidiary of Xinhua Finance Ltd, Chinaâs leading financial information provider. Market News International has a staff of 85 employees at 12 locations in Europe, Asia and the United States.