Source: Wall Street Horizon
Wall Street Horizon, a provider of actionable event research data for institutional investors and traders, and The Associated Press (AP), the essential global news network, today announced a collaboration to deliver low-latency news and data.
Under the agreement, AP's breaking news and government economic data will be made available in machine-readable format via Wall Street Horizon's world-class event data platform.
News and government economic data are available from the AP in its Event Drive Data (EDD) suite of products designed for traders. The news service contains the entire text output of the AP and is delivered via an ultra-fast, machine readable news (MRN) feed. AP's EDD clients receive every AP story and update the moment an AP editor hits the publish button. AP's EDD economic indicator service provides MRN data via proprietary software, directly from AP reporters covering the release of government financial and economic indicators.
Wall Street Horizon offers a low-latency delivery service that hundreds of investment professionals and traders rely on every day to receive critical market information. Wall Street Horizon's single-stock event data and its established distribution platform, combined with breaking macro-economic news and data from the AP, create a compelling data set that's easily integrated into a firm's workflow.
"When discussing this opportunity with the AP, the guiding principle of 'accuracy first' kept coming up - it's ingrained in the DNA of both companies," said Bruce Fador, president and chief commercial officer of Wall Street Horizon. "We are thrilled to collaborate with such an outstanding global news organization and to add the AP's content to our ever expanding suite of forward looking low-latency event data sets."
"The intelligence to be found in AP's global geopolitical news reports is a new and reliable tool for the financial community, and leveraging our worldwide presence and reporting creates valuable data points for traders," said Bruce Glover, director, business development, at the AP. "Wall Street Horizon has the market knowledge, technology prowess and distribution capacity to best help firms integrate these assets into their trading activities."