MarketXS, a real time market data technology developer, has acquired the Benelux businesses of market data supplier Moneyline Telerate in a €16.5m ($19.7m) move to take on Reuters and Bloomberg in the region.

The two companies have agreed a strategic partnership in which MarketXS has become the exclusive distributor of Moneyline Telerate products in the Benelux region and Moneyline Telerate gains worldwide rights to market MarketXS's Windows-based workstation and other planned products, including fixed income analytics.