Business & Finance
04:02 PM
Connect Directly

Reuters Helps Computers Read The News

The UK.-based news and financial information service on Monday launched two new products to automate financial trading based on news content.

Having amassed a daily audience of a billion people, Reuters is now aiming to build its readership among computers. The UK.-based news and financial information service on Monday launched two new products to automate financial trading based on news content.

"At a simplistic level, it's about speed and beating the humans to the punch," says Richard Brown, business manager of Reuters NewsScope.

The first is Reuters NewsScope Real-time, which clients can use to drive automated trading based on news stories. The service meta tags story content to identify the industry sectors, companies, and other data that might be useful to financial traders.

The second is Reuters NewsScope Archive, which lets the company's clients analyze news stories in conjunction with market performance to test and refine strategies to profit from headline-driven market moves. NewsScope Archive files can be loaded into Oracle 9i and Oracle 10g databases, as well as Microsoft SQL Server 2000 and 2005, for analysis.

"The globalization and complexity of financial markets are driving greater use of computers to execute trading strategies," said Reuters CEO Tom Glocer in a statement. "Our clients are incorporating news into their automated trading strategies and our latest offerings can help them find undiscovered value."

Despite the increasing use of automated trading systems, there's still a place for people. Automation is one of the keys to generating alpha, or beating the index, "but it's not the be-all end-all," says Brown.

Reuters filed almost 3 million news items in 2005 in 20 different languages, not including machine-speak.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on for the week of August 21, 2016. We'll be talking with the editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.