15 December 2017
visit http://response.ncr.com

Bloomberg adds trending metrics to machine-readable news service

19 February 2010  |  9497 views  |  0 zeroes

In a bid to attract high-frequency traders, Bloomberg has expanded its machine-readable news output to offer trending analytics on the hottest content passing over its terminals.

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.

Bloomberg's BN Direct service launched last year and includes tracking of 20,000 economic indicators culled from government sources, press releases and Web sites. In addition, it tracks company announcements, rating changes and unpredictable events.

The technology analyses text to extract both key information - such as earnings and revenue figures from press releases in real-time - and to categorise text into easy-to-identify tags for topics, tickers and people.

Now the firm has added a story flow feature that indicates the "news heat" or most written about companies and topics by analysing more than 30,000 global sources.

In addition, it is introducing an analysis of the most read stories by Bloomberg terminal users, which includes market participants from top banks and investment firms.

Stefan Whitney, Bloomberg, says: "These news metrics may cause a trader or investor to rethink or alter a strategy or trading approach. This valuable information, which is derived from Bloomberg's exhaustive database of news sources and its unique user base, may alert a market participant to a market-moving event."

Last month Thomson Reuters extended its NewsScope Direct machine readable news service beyond New York to London and Chicago and has also recently expanded the service to include real-time analysis of company events. Meanwhile, Deutsche Börse recently acquired specialist outfit 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  |  10914 views  |  0 comments
Bloomberg buys energy data provider

Bloomberg buys energy data provider

10 December 2009  |  7855 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  |  9576 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  |  9345 views  |  0 comments
Bloomberg smashes proprietary identifier market

Bloomberg smashes proprietary identifier market

04 November 2009  |  14839 views  |  1 comments
Market data rivals battle for share of wallet as terminal sales wilt

Market data rivals battle for share of wallet as terminal sales wilt

06 August 2009  |  10886 views  |  0 comments
FSA looks into high-frequency trading and dark pools

FSA looks into high-frequency trading and dark pools

04 August 2009  |  12722 views  |  3 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  |  7631 views  |  0 comments
Reuters introduces machine-readable sentiment scan; acquires ClearForest

Reuters introduces machine-readable sentiment scan; acquires ClearForest

30 April 2007  |  10560 views  |  0 comments

Related company news

 

Related company information

Bloomberg

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10177 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9250 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8888 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7580 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7204 views comments | 15 tweets | 24 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job