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Data Explorers, an analytics and analysis firm which helps subscribers track short-selling in stocks, is the latest acquisition of financial data vendor Markit.
No deal terms were announced. It’s understood Data Explorers owner Bowmark Capital had been looking to sell the firm for the last year.
The company claims to track more than 85 percent of global securities transactions.
Markit wants to inject Data Explorers’ services in to its own, including adding new services for exchange securities, dividend forecasting and quantitative research.
London-based Data Explorers says it quadrupled revenue and tripled profitability over the last four years with global expansion.
Market also acquired Wall Street On Demand, which provides visualisations for financial data, in 2010.