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Thomson Reuters woos algo traders with machine-readable company events

Thomson Reuters woos algo traders with machine-readable company events

01 December, 2009 – 11:01

Reflecting the growing influence of computer-driven trading strategies, Thomson Reuters has expanded its machine-readable news offering to include real-time analysis of company events.

The news and information group says the automated process will scan and automatically extract critical pieces of information from corporate announcements for clients to use in a machine readable format.

The information will be delivered in an XML format via Thomson Reuters NewsScope Direct, the firm’s low latency news distribution platform. In addition, clients will have access to nearly seven years of historical data, enabling them to back-test in their trading and investment strategies.

Initially, NewsScope Company Events will focus on US newswires before expanding to Canada and Europe.

The provision of market-moving news and information in a machine-readable format has become a key battleground for market data firms as increasing volumes of stocks are executed by computer algorithms.

Late last month, Deutsche Börse acquired machine-readable data specialist Need to Know News, in an effort to raise the profile of its market data and analytical offerings with algorithmic traders.

Thomson Reuters to offer company events data in real time

By Davis D. Janowksi
December 1, 2009

Advisers using the Thomson Reuters’ Quantitative and Event Driven Trading solution set will soon have one more morsel of data coming their way to help them gain an edge in their trading strategies.

Thomson Reuters today announced that it has expanded its machine-readable news offering to include real-time analysis of company events.

Within the company’s wide array of market data offerings, users will find these particular new points of information in the feeds from NewsScope Direct, which is delivered in XML format.

The company events data are being culled from U.S. company press releases. The info is then scanned by computer.

Initial focus will be on US newswires. Thomson Reuters plans to expand its coverage to Canadian and European company news in coming weeks and months.

Pricing and availability specifics were unavailable at press time

http://thomsonreuters.com/products_services/financial/financial_products/quantitave_event_driven_trading/

http://thomsonreuters.com/products_services/financial/financial_products/quantitave_event_driven_trading/high_frequency

December 7, 2009 - Posted by | Uncategorized

2 Comments »

  1. I do not think Bloomberg is good at quantitative trading. It must be used with Excel and is slow… In some bad day it has connection issues too… Reuters sounds much better in the contrary.

    Comment by Terence | December 7, 2009 | Reply

  2. […] This post was mentioned on Twitter by Jack Holt, S3 CEO, Finance Media. Finance Media said: Thomson Reuters woos algo traders with machine-readable company events – http://bit.ly/91sxNE […]

    Pingback by Tweets that mention Thomson Reuters woos algo traders with machine-readable company events « Quant Macro Investing -- Topsy.com | December 8, 2009 | Reply


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