The vendor says clients are now starting to look beyond traditional data sources and want to access Reuters news to give an added dimension to their automated trading.

The new products are designed to enable computers to recognise and process key items of information in Reuters news stories, allowing customers to incorporate the information into their automated trading strategies.

Reuters NewsScope Real-time product lets clients use live news content to drive automated trading and respond to market-moving events as they occur. Each news item is 'meta tagged' electronically to identify sectors, individual companies, stories or specific items of data to assist automated trading.

The vendor's NewsScope Archive lets customers replay stories as they unfolded in the market, allowing them to back-test or fine tune their trading strategies in response. Once linked with Reuters Tick History – an archive of tick-by-tick price data - clients will be able to accurately map historic price movements against the news stories that generated them.

Reuters CEO, Tom Glocer, says: "The globalisation and complexity of financial markets are driving greater use of computers to execute trading strategies. Our clients are incorporating news into their automated trading strategies and our latest offerings can help them find undiscovered value."