Deutsche Brse and Bolsa de Madrid are joining forces to tap the European terminal market as a provider of financial information. Deutsche Brse AG will acquire a 50 percent stake in the Spanish company Infobolsa S.A., a 100 percent subsidiary of Bolsa de Madrid.
Infobolsa, which was founded in 1990, is a provider of real-time financial information in Spain and Portugal. With Deutsche Brse’s participation in the venture, Infobolsa will establish a German subsidiary initially to cover the German-speaking market. The company will launch its services for the German-speaking market in December.
“By participating in Infobolsa, Deutsche Brse is extending its value chain and will facilitate further growth in its Information Products Division”, explains Christoph Lammersdorf, the Deutsche Brse Executive Board member responsible for the Information Products Division. “The German subsidiary of Infobolsa will match a growing demand in the German market for financial information by delivering high quality products at competitive prices.”
“This agreement is consistent with Infobolsa’s strategy to boost the internationalisation of its activities and the development of its products, as has been the case in Portugal and Latin America. The aim of this project is to introduce the existing technology, content and products developed by Infobolsa to a wider European market by starting with Germany”, adds Pedro Valdecantos, CEO of Infobolsa.
Infobolsa bundles and distributes real-time data on national and international equities, fixed income, derivatives, money and commodities markets as well as financial news from specialised newswires agencies. The company also publishes information on the investment fund industry as well as company fundamentals and forecasts for over 40,000 corporations. Infobolsa products are designed for professional use in banks, financial institutions and the media. Companies access the German subsidiary of Infobolsa via the Windows based financial information system “NetStation” or directly via an integrated data stream.