About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Client Demand Drove Nasdaq OMX’s RapiData Acquisition

Subscribe to our newsletter

“Client demand drove this acquisition. We believe this acquisition will make our customers more efficient in their trading,” says Brian Hyndman, senior vice president at Nasdaq OMX Global Data, about the exchange group’s December 19 acquisition of the business of RapiData, a provider of low-latency, machine-readable economic news.

RapiData provided low-latency economic news, covering more than three dozen U.S. economic indicators and other economic data, including statistics from the U.S. government’s Departments of Labor, Treasury and Commerce.

Because the news is delivered in a structured, machine readable format, it can be fed readily into automated trading systems. Says Hyndman: ” Potential beneficiaries include trading firms that incorporate macroeconomic news into their trading algorithms, conventional traders who use machine-readable news to manage risk, and institutional investors who seek long-range strategies, liquidity opportunities and target investments.”

The news feed is currently delivered via UDP multicast to data centres operated by Equinix in Chicago, the NY Metro area and Washington, D.C. Hyndman says that Nasdaq plans to review RapiData’s delivery technology to ensure the fastest possible delivery and to expand its reach. Co-locating at the exchange’s Carteret, NJ data centre is a “possibility.”

RapiData’s business was acquired from SourceMedia’s Bond Buyer unit. No RapiData employees are joining Nasdaq as a result, although the operation will continue to rely on Bond Buyer’s access to the U.S. government’s highly-regulated press rooms to generate the statistics in as timely a manner as possible.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

17 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline...

BLOG

Rethinking Market Data: From Lock-In to Independence

For decades, many capital markets firms have relied on legacy market data platforms that were built before the internet and have since become increasingly data vendor specific and costly to maintain. Some of these platforms, while functional, are no longer actively developed in meaningful ways, creating significant risks as expertise fades and costs spiral out...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...