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EU approves Reuters acquisition of Telerate in Phase 1

The European Commission conditionally cleared Reuters acquisition of Telerate at the end of May after a phase 1 investigation. The markets affected by the transaction were the supply of real-time market data (RMD) and financial market data platforms - MDPs enable customers to integrate and distribute data from different vendors within their organisations. The Commission concluded the merger raised no competition concerns in the supply of RMD. However, it was concerned that the merging parties were the only major global suppliers of MDPs. To remedy this concern, Reuters proposes to grant Hyperfeed a licence for Telerate's MDP product, and hence create an effective rival supplier of MDPs. We provided economic advice to Reuters throughout the investigation.

For more information see
Commission press release

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