LOS ANGELES: Market Wire has expanded its global distribution through reciprocal agreements with two foreign financial news services.
The US-based financial wire is now working with the London Stock Exchange's Regulatory News Service (RNS) and DGAP, a joint venture between the German Stock Exchange, Reuters AG, and VWD GmbH. DGAP is a leading distributor of financial information to German-speaking Europe.
"They're bilateral relationships that really give all the parties access to the best company news distribution in our respective geographies," said Jim McGovern, president and CEO of Market Wire.
He added that the latest agreements were part of Market Wire's strategy to build up its global distribution.
"The [companies] we're partnering with are the people that dominate their local market," noted McGovern. "Therefore, they have the best distribution in those markets."
Market Wire's agreement with RNS is the company's second with a major stock exchange. In 2003, Market Wire announced an agreement with the NASDAQ stock exchange in the US.