Deutsche Börse is expanding the offering of its segment Market Data & Analytics by acquiring the US-based financial news agency Market News International (MNI) for US$10 million in cash. MNI was a subsidiary of Xinhua Finance Ltd, China’s leading financial information provider.

The transaction is expected to close by the end of January 2009, subject to approval of the German competition commission (Bundeskartellamt).

MNI has direct access to news rooms from government agencies and supranational organizations such as the World Bank and the International Monetary Fund. Via MNI,s access to these sources, Deutsche Börse is to expand its real-time information offerings for the financial markets. These information provide the basis for trading decisions to market participants.

Market News International has a staff of 85 employees at 12 locations in Europe, Asia and the United States.

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