27 May 2016
Visit dovetailsystems.com

Reuters offers real-time news for algorithmic trading

11 December 2006  |  9886 views  |  0 Reuters logo 2

UK news and information group Reuters has launched two products that allow its streaming news and data output to be used for the purposes of automated and algorithmic trading.

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."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Algorithmic trading to take majority share in 2010

Algorithmic trading to take majority share in 2010

07 November 2006  |  11813 views  |  0 comments
Reuters reports Q3 revenue rise; sells Factiva stake

Reuters reports Q3 revenue rise; sells Factiva stake

18 October 2006  |  5335 views  |  0 comments
Reuters opens virtual news desk in online world Second Life

Reuters opens virtual news desk in online world Second Life

16 October 2006  |  9437 views  |  0 comments
Reuters opens product development centre in China

Reuters opens product development centre in China

09 October 2006  |  3882 views  |  0 comments
City trading jobs to fall by 90% as banks take up algorithmic technology

City trading jobs to fall by 90% as banks take up algorithmic technology

03 October 2006  |  20966 views  |  0 comments
Reuters steps up algorithmic trading support

Reuters steps up algorithmic trading support

16 June 2005  |  8224 views  |  0 comments

Related company news

 
Find out moreFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Barclays opens sandbox for gamification challengeBarclays opens sandbox for gamification ch...
14340 views comments | 41 tweets | 40 linkedin
Deloitte launches financial services blockchain labDeloitte launches financial services block...
6938 views comments | 23 tweets | 13 linkedin
Thieves steal Y1.4 billion in two hours from cash machines in JapanThieves steal Y1.4 billion in two hours fr...
6832 views comments | 17 tweets | 34 linkedin
Santander taps Ripple blockchain tech for international payments appSantander taps Ripple blockchain tech for...
6443 views comments | 29 tweets | 33 linkedin
Swift outlines new security protocols as crisis escalatesSwift outlines new security protocols as c...
6251 views comments | 10 tweets | 29 linkedin

Featured job

Find your next job