Company History

Brooks McFeely, our founder and CEO, launched MT Newswires (then MidnightTrader) in 1999 to provide state-of-the-art coverage of real-time US pre-market and after hours corporate news and trading analysis. Now, nearly two decades later, the company is a leading source of North American and global capital market and economic news and analysis — meeting the wide-ranging and sophisticated needs of today’s market participants.

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.

2006 – Expanded News Coverage

Due to an increasing demand from clients, the company launched its popular full extended-day Live Briefs US News service in 2006. In 2008, Canadian banks and brokerage firms looking for alternatives in Canadian market news turned to MidnightTrader.  Later that year Live Briefs Canada was born, combining with the company’s existing full day US news service to form Live Briefs North America. MidnightTrader is today a leading source of around-the-clock, real-time coverage of US and Canadian equity markets.

2013- MT Newswires Division

In 2013, the company launched it’s MT Newswires division in order to emphasize the significant growth, beyond extended-hours US trading news, in the company’s news and trading analysis products and services since its inception.  Now, just over a decade later, MT Newswires has become a leading source of full-day North American market information – providing research, analysis and market reporting to meet the wide-ranging, sophisticated needs of today’s individual and professional investors.

MT Newswires Today

MT Newswires has a long history of providing accurate, unbiased, actionable and real time corporate and financial news to both retail and institutional investors, wealth management professionals and others wanting the best up to the minute knowledge. The company’s unique market news and analysis coupled with an unrivaled commitment to service is a significant reason why many of the largest financial services firms and market data applications North America and Europe use MT Newswires.

Some of our distribution partners include:

• Acquire Media
• ICE / Interactive Data
• FactSet
• Lexis/Nexis
• Markit Digital
• Morningstar
• Pershing
• S&P Capital IQ
• Thomson Reuters

For the full list of distributors and more information about our services, please contact us.