22 May 2017
Visit EBAday.com

Dow Jones adds company news to machine-readable XML data feed

15 October 2007  |  7497 views  |  0 keyboard

Dow Jones is adding a computer-readable corporate news service to its XML-based Elementized News Feed, which is designed for use with automated and algorithmic trading systems.

Dow Jones launched its Elementized News Feed earlier this year in an attempt to cash in on the rising popularity of algorithmic trading.

The ultra-low-latency service delivers economic and corporate news in precise and discrete elements in XML-tagged fields. This eliminates the need to parse unstructured text, allowing trading models and computer programs to process, interpret and take action on breaking news in milliseconds.

Coverage includes earnings, merger announcements and analyst upgrades and downgrades across all US and Canadian public companies and major UK companies. The feed also provides sentiment tagging, alerting traders and analysts of significant and unexpected company news about executive changes, bankruptcies, stock splits and restatements.

Dow Jones says the service has now been extended to add "first-of-its-kind public company data in a computer-readable format".

Joe Lanza, VP and MD, solutions for algorithmic and quantitative trading, Dow Jones Enterprise Media Group, says: "With the addition of corporate news to the Dow Jones Elementized News Feed, we provide the sophisticated information that algorithmic professionals require at the speed they need to stay ahead in today's fast-moving marketplace."

Earlier this year Reuters launched a machine-readable service that scans company news articles, scores how positive or negative they are and then, based on the information, triggers orders in algorithmic trading applications.

The Reuters service, which is based on linguistics technology developed by Corpora, scans and analyses news across thousands of companies and is part of the Reuters Market Data System (RMDS) platform.

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

Reuters introduces machine-readable sentiment scan; acquires ClearForest

Reuters introduces machine-readable sentiment scan; acquires ClearForest

30 April 2007  |  10376 views  |  0 comments
Dow Jones launches XML data feed for algorithmic trading

Dow Jones launches XML data feed for algorithmic trading

06 March 2007  |  15885 views  |  0 comments
Reuters offers real-time news for algorithmic trading

Reuters offers real-time news for algorithmic trading

11 December 2006  |  10171 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsvisit www.niceactimize.comvisit dh.com

Top topics

Most viewed Most shared
European banks lobby Commission to push ahead with screen scraping banEuropean banks lobby Commission to push ah...
8538 views comments | 29 tweets | 35 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8527 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8130 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
7798 views comments | 22 tweets | 29 linkedin
UK consumers ready to swap banks for tech giantsUK consumers ready to swap banks for tech...
7641 views comments | 36 tweets | 47 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job