A History of Innovation and Service to the Investment Community

Brooks McFeely launched MidnightTrader in 1999 to provide state-of-the-art real-time trading news and analysis for the extended-hours market to active retail and institutional investors. Now, a decade later, MidnightTrader is a leading source of full day market information- researching, analyzing, reporting and distributing it—to meet the wide-ranging, sophisticated needs of today’s investors.

1999—An Exciting Time for Investors

In 1999, the Securities and Exchange Commission (SEC) began letting individual investors—who previously could trade only during the traditional 9:30–4:00 trading day—place and execute trades during the pre-market and after-hours sessions through electronic communication networks (ECNs). But this growing class of investors had few tools and services to educate and assist them in extended-hours trading.

Brooks observed that although corporations announced significant market-moving news after the close of the regular trading day, none of the news services provided coverage of after-hours and pre-market trading. With the goal of filling the information gap for the millions of investors beginning to engage in extended-hours trading, Brooks started MidnightTrader.

After 1999, numerous regulatory changes by the SEC made extended-hours trading available to a huge pool of investors, and as a result, trading volume in the extended-hours sessions soared to where it is today. Now more than ever, serious investors need a complete and consolidated view of all market-moving activity around the clock to help them make sound investment decisions, and MidnightTrader has expanded its services to meet that need.

MidnightTrader Today

Today, MidnightTrader provides the entire investment and trading community with customized analysis and research tools to suit their information and trading needs throughout the entire extended trading day. We offer our market news and event-data products directly to institutional and retail investors, online brokers, financial portals, institutional equity-research desks and other financial service firms.

Key distributors of MidnightTrader’s signature Live Briefs® and Earnings Notebook® services include:

  • Acquire Media
  • COMTEX
  • DTN
  • Interactive Data Managed Solutions
  • StrikeIron
  • Thomson Reuters
  • Track Data’s NewsWare
  • Wall Street On Demand

For more information about MidnightTrader, contact us today or sign up for a 14-day free trial.