Thomson Reuters has launched a new service to provide high frequency traders in London and Chicago with the fastest access to market-moving machine-readable news content. Thomson Reuters NewsScope Direct offers microsecond delivery of highly structured news and economic data enabling clients to buy and sell financial instruments before the information moves the market, according to the company's release.
Housed in Thomson Reuters London and Chicago hosting centers, NewsScope Direct allow clients to integrate news and events into a variety of trading strategies. Customers can connect to the news feed from their own data centers or leverage Thomson Reuters proximity- hosting solution. The service can benefit high-frequency trading firms operating in the FX and futures markets, which can move sharply in response to key news and economic data, according to the release.
"Being first to act on this information can dramatically affect a firm's profit and loss. The launch of NewsScope Direct, the market's fastest machine readable news service, into London and Chicago, reflects our commitment to delivering the market moving information our clients need at the speed required by their high performance trading strategies," commented Rich Brown, global business manager, machine readable news, Thomson Reuters, in the release.
Today's launch is an expansion of the service available to clients in New York and the company's beta site operating in Washington, D.C. NewsScope Direct is a key element within the Thomson Reuters solutions for Quantitative and Event Driven Trading, which provide unique content, technology and data management capabilities for exploiting market opportunities, the company said. Customers can develop, back-test and deploy quantitative and event-based trading and investment strategies to generate alpha and more effective manage risk, the company further stated. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio