MDS to develop data delivery technology following acquisition
An opportunity for MDS Financial Group to develop its data delivery technology and offer its clients an execution and analysis system has arisen following its acquisition of all remaining issued shares in Trader Dealer Online (TDO) from BoxRED, resulting in 100 per cent ownership.
As a consequence of the acquisition, MDS will be able to offer dealing services to the 5,500 clients using its trading technologies, which include Market Analyser, Bourse Data, Research and CFD trading services, MDS director and chief operating officer Damian Isbister said.
With 100 per cent ownership MDS is able to implement a high level of integration with its existing client base, according to the group's statement to the Australian Securities Exchange.
AUTHOR
Corrina Jack
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