Thomson Financial and UpTick Data collaborate on news service
26 July 2006 | 1232 views | 0
Source: UpTick Data Technologies
UpTick Data Technologies, a leader in customized communication solutions utilizing rules based text generation today announced an agreement with Thomson Financial to produce news stories built around Thomson market data.
The multi-year agreement is aimed at developing new products and enhancements for Thomson News, the market news service launched by Thomson last year, utilizing proprietary Thomson data.
UpTick will utilize its proprietary text generation technology customized for specific rules and events that Thomson Financial analysts have determined to be important to Thomson News subscribers. "Using UpTick allows us to rapidly mine our vast repository of proprietary data and report on significant changes and anomalies as they happen in real-time," said Matthew Burkley, Senior Vice President, Operations for Thomson. "Whether you are looking at earnings, insiders or M&A activity, there are events taking place every day which can only be uncovered through a comprehensive analysis of the data," continued Mr. Burkley. "Some of course are obvious, but many more are very subtle and no less significant. Unique reporting like this is one of the differentiators of Thomson News."
The first result of this collaboration, launched last month, is an enhanced US equity earnings news service that utilizes Thomson's First Call earnings data. The service reports on changes in earnings estimates and recommendations reported by Wall Street analysts and compares these data to actual company announcements.
"UpTick has had a long and fruitful relationship with Thomson Financial and we are delighted to build upon this with the addition of the earnings news service" said Mike Iapalucci, Partner at UpTick. "News generation is a perfect fit for our rules based text generation technology," he added. "Given the wealth of data collected by Thomson, the number of stories and services that can be derived from the content is almost unlimited."