Dow Jones adds S&P credit ratings changes to Elementized news feed

Source: Dow Jones & Company

Dow Jones & Company, a News Corporation company (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV), today announced that it has partnered with Standard & Poor's to add S&P credit ratings changes as part of its ultra-low-latency Dow Jones Elementized News Feed.

The Dow Jones Elementized News Feed delivers economic and corporate news in precise and discrete elements in XML-tagged fields. Buy- and sell-side market participants can now deploy S&P credit ratings changes as part of the Dow Jones Elementized News Feed for use in algorithmic trading, quantitative analysis and execution, and risk management. For global companies that issue debt rated by S&P, information on six different types of issuer-level ratings changes will be integrated into these news elements, allowing trading programs and models to interpret and take action on breaking news within milliseconds.

"In today's increasingly competitive and more automated trading environment, proprietary traders, quantitative analysts and risk managers are looking for every possible edge in information, technology and speed," said Joe Lanza, vice president and managing director for sales and trading, Dow Jones Enterprise Media Group. "At Dow Jones, we continue to look for ways that we can enhance the depth of our corporate data content and provide our customers with an advanced news source at a level of speed and accuracy that cannot be found elsewhere. The addition of S&P credit ratings changes to our Elementized News Feed helps us continue to provide the sophisticated information that algorithmic professionals require at the speed they need to stay ahead."

Dow Jones Elementized News Feed is the only solution of its kind to offer elementized S&P credit ratings changes. This new enhancement gives hedge funds, banks and securities firms the fastest news source for identifying trading, investing and hedging opportunities.

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