Dow Jones & Co., the parent of the Wall Street Journal, Barron’s and Marketwatch, is launching a new elementized news feed that will deliver computer-readable news directly into quantitative analysis models and automated trading programs.
A Dow Jones story stated, “The New York-based media company, which publishes this newswire, said the new format permits trading models and computers to interpret headlines and trade on news within milliseconds.
“The feed provides market-moving data elements for economic indicators from major countries and will cover public firms in the U.S. and U.K., providing earnings, other key corporate data and sentiment tagging, which signals whether news is significant or unexpected.
“Dow Jones said the feed also includes an archive of more than three years of elementized news for back-testing and statistical analysis of news flow and historical market reactions.”
Read more here. Competitor Reuters unveiled a similar system back in December.
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