23 January 2017
visit http://www.wolterskluwerfs.com

Thomson Reuters woos high-frequency traders with microsecond access to news

25 January 2010  |  6688 views  |  0 zeroes

In a bid to woo high-frequency traders in London and Chicago, Thomson Reuters has launched a market data delivery service promising microsecond access to "market moving" machine readable news content.

Thomson Reuters NewsScope Direct offers microsecond delivery of "highly structured news and economic data", enabling high-frequency and algorithmic traders to buy and sell before the information moves the market, says the vendor.

Housed in the firm's London and Chicago hosting centres, the service means customers can connect to the newsfeed from their own centres or tap Thomson Reuters' proximity hosting offering. The service, primarily aimed at FX and futures traders, is already available in New York.

Rich Brown, global business manager, machine readable news, Thomson Reuters, says: "Being first to act on this information can dramatically affect a firm's profit and loss. The launch of NewsScope Direct, the market's fastest machine readable news service, into London and Chicago reflects our commitment to delivering the market moving information our clients need at the speed required by their high performance trading strategies."

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.

In December Thomson Reuters expanded its offering to include real-time analysis of company events while Deutsche Börse recently acquired machine-readable data specialist Need to Know News.

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

SEC begins overhaul of US equity markets with ban on direct market access

SEC begins overhaul of US equity markets with ban on direct market access

14 January 2010  |  10671 views  |  0 comments
Thomson Reuters wins Bursa Malaysia market data deal

Thomson Reuters wins Bursa Malaysia market data deal

09 December 2009  |  7822 views  |  0 comments
Thomson Reuters woos algo traders with machine-readable company events

Thomson Reuters woos algo traders with machine-readable company events

01 December 2009  |  9315 views  |  0 comments
Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse acquires machine-readable data specialist Need to Know News

20 November 2009  |  9092 views  |  0 comments
US futures markets in crosshairs of algo revolution - Tabb

US futures markets in crosshairs of algo revolution - Tabb

17 November 2009  |  6763 views  |  0 comments
FSA looks into high-frequency trading and dark pools

FSA looks into high-frequency trading and dark pools

04 August 2009  |  12166 views  |  3 comments
LSE introduces proximity service

LSE introduces proximity service

01 September 2008  |  9085 views  |  0 comments
Dow Jones adds company news to machine-readable XML data feed

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

15 October 2007  |  7415 views  |  0 comments
Reuters introduces machine-readable sentiment scan; acquires ClearForest

Reuters introduces machine-readable sentiment scan; acquires ClearForest

30 April 2007  |  10271 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit wavestone.co.ukhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
13308 views comments | 48 tweets | 45 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
11351 views comments | 32 tweets | 20 linkedin
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
9368 views comments | 54 tweets | 50 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
6838 views comments | 22 tweets | 23 linkedin
NumbersLegalising the blockchain
6178 views comments | 9 tweets | 4 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job