RavenPack, the leader in real-time news analysis services, and TMX Datalinx, the leading source for Canadian market data, today announced they will collaborate to help clients detect trends in Canadian equity markets.
TMX Datalinx is the information services division of TMX Group Inc., which owns and operates Toronto Stock Exchange and TSX Venture Exchange.
TSX/CP Equities NewsTM is now available as a source in RavenPack's News Analytics products, giving analysts and traders key information to make faster and better trading decisions on Canadian equities. TSX/CP Equities News combines the market information of TMX Datalinx with authoritative reporting from The Canadian Press, a leading national news agency.
"TSX/CP Equities News is a comprehensive source of Canadian equity news," said Eric Sinclair, President of TMX Datalinx and Group Head of Information Services. "Using RavenPack's unique automated news analysis and sentiment engine, traders can now receive news analytics on Canadian securities for use in their models."
Currently, financial institutions use RavenPack services to generate better returns by systematically incorporating the effects of news in their investment process. The company's clients include some of the best performing quantitative and algorithmic trading firms in the world.
"We have worked hard to attract the most credible and authoritative sources of news," said Armando Gonzalez, CEO of RavenPack. "TSX/CP Equities News delivers the focus on Canadian capital markets content our clients have been looking for."