Selerity, a provider of real-time event data solutions for the financial services industry, today announced the launch of its low-latency US dividends event data feed for electronic traders looking to incorporate breaking scheduled and unscheduled dividend announcements into their automated trading strategies for alpha generation and market making.
Increasingly, automated market makers are seeing a need to adjust liquidity in real time based on breaking events in order to manage risk, while traders employing offensive strategies are seeing more opportunities to generate alpha by using breaking corporate actions in high-frequency trading. More than 30% of US dividend announcements from high-profile companies occur during market hours, when liquidity is at its height and the markets are most reactive to events, creating significant opportunities for trading and risk management.
"Traders looking to leverage real-time dividend declaration amounts relative to estimates during opportune times have a distinct advantage when using Selerity's new low-latency corporate dividends event data," said Jeff Otten, Executive Vice President of Sales and Business Development, Selerity. "Early client testing has established that our feed is the fastest delivery channel in the market. We are always working to provide an extremely accurate, ultra-low latency feed, delivered globally through our event data platform."
High-frequency traders will now have access to market-moving dividend data from more than 1,400 US public corporations, derived from primary authoritative sources and obtained using proprietary search and extraction technology delivered via a machine-readable format. Traders can access the corporate dividend data in real-time through a global network of Selerity's points of presence (PoPs) in Equinix' New Jersey (NY2), Chicago, (CH1) and Frankfurt (FR2).
The Selerity US dividend event data feed includes several key measures, such as entity, amount, ex-dividend date, payable date and record date, and has key features such as the excepted start/end declaration dates.