Wall Street & Technology: Blog
subscribe December 14, 2006

Reuters Releases News Products to Drive Automated Trading

Ivy Schmerken, Wall Street & Technology

Reuters announced two products this week that allow customers to incorporate news into automated trading strategies. Both products fall under Reuters complete suite of offerings for automated trading and form part of its Core Plus strategy.

First, Reuters NewsScope Real-time lets Reuters clients use live news content to drive automated trading and respond to market-moving events as they occur. Meta tagging of each news item is used to identify sectors, individual companies, stories or specific items of data to assist automated trading, according to the release.

Second, Reuters NewsScope Archive lets customers replay stories as they unfolded in the market, so they can back test or fine tune their trading strategies in response. Then by linking the archived news items with Reuters Tick History — an archive of tick-by-tick price data — clients will be able to accurately map historic price movements against the news stories that generated them.

“For the first time Reuters is enabling customers to leverage the strength of our global news service to power automated trading,” stated Tom Glocer, Reuters CEO, in the release, who added that “clients are incorporating news into their automated trading strategies and our latest offerings can help them find undiscovered value.”

Peter Moss, global head of Reuters’ Enterprise Division, commented in the release, “Many clients are now starting to look beyond traditional data sources and want access to Reuters news to give an added dimension to their automated trading.”

Posted by Ivy Schmerken at 11:38 AM



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