Thomson ReutersCorp. agreed to acquire trading technology company REDI Holdings.
The acquisition is expected to close by the end of the fourthquarter, subject to certain closing conditions, including regulatory approvals.The deal is intended to help Thomson Reuters deliver an integrated workflow solutionto the buyside trading community.
Terms of the deal were not disclosed in a news release.
In 2013, GoldmanSachs Group Inc. spunout the REDI business into a consortium including Bank of America MerrillLynch, Barclays Plc, , Citadel LLC and investment funds affiliated with , as well asGoldman Sachs. Bank of America Merrill Lynch also transferred its InstaQuote EMSto REDI as part of its investment.