23 May 2017
register for the webinar

Reuters offers real-time news for algorithmic trading

11 December 2006  |  10173 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  |  12077 views  |  0 comments
Reuters reports Q3 revenue rise; sells Factiva stake

Reuters reports Q3 revenue rise; sells Factiva stake

18 October 2006  |  5502 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  |  9745 views  |  0 comments
Reuters opens product development centre in China

Reuters opens product development centre in China

09 October 2006  |  4119 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  |  21337 views  |  0 comments
Reuters steps up algorithmic trading support

Reuters steps up algorithmic trading support

16 June 2005  |  8503 views  |  0 comments

Related company news

 
Visit www.capgemini.com/worldreportsDownload the paper nowvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
European banks lobby Commission to push ahead with screen scraping banEuropean banks lobby Commission to push ah...
8733 views comments | 29 tweets | 35 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8627 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8430 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8176 views comments | 22 tweets | 30 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8124 views comments | 19 tweets | 24 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job