The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Low Latency Machine Readable News Feeds Broaden Content, Geo Reach

Recent developments from providers of machine readable news and sentiment analysis, and their partners, point to increasing take up of this segment of market data, and how its applicability is expanding both in terms of content type and trading markets served.

Deutsche Boerse – with its AlphaFlash product that’s largely the result of its acquisitions of Need To Know News and Market News International – recently added macroeconomic data from Fitch Ratings, initially to provide sovereign debt ratings, which have become hot news in the past year or so. While such news might not be that frequent itself, when it is released, its market impact is significant, and getting such news first is a trading advantage.

With that in mind, Deutsche Boerse has been expanding the geographical reach of AlphaFlash to major trading centres, recently partnering with CFN Services to distribute the feed on its low-latency Alpha Platform. CFN will deliver AlphaFlash to an additional 23 venues, and add access to it from markets in Hong Kong, Moscow, Paris and Seoul.

Moreover, to facilitate the integration of AlphaFlash with execution management systems, Deutsche Boerse has introduced a AlpahFlash Trader, a ‘drag and drop’ application to facilitate such linkages. It’s already rolled it out for Trading Technologies’ platform, with more to come.

Meanwhile, RavenPack – which offers sentiment analysis based on news – has introduced a new version of its analytics service, doubling the number of corporate events tracked, and adding tracking of news on global macroeconomic entities and events.

RavenPack News Analytics version 3.0 now automatically detects news events and sentiment on geographical location, government organisation, company, currency, and traded commodity – some 1,200 in total, based on sources including Dow Jones Newswires, all editions of the Wall Street Journal and Barronā€™s.

It’s not just RavenPack adding macroeconomic news to its service. Rival Selerity has expanded its service in order to better server traders of FX and sovereign debt.

For those seeking the lowest latency, Nasdaq OMX’s own Event-Driven Analytics service is now available at the exchange’s co-location centre in Carteret, NJ. The service provides machine-readable economic news and indicators, such as treasury auction results, jobs statistics, inflation data and regional and federal economic data.

Overall, these developments – especially expanding macroeconomic news and improving cost-efficient low-latency access – show how machine readable news, and sentiment analysis, are evolving to meet the needs of trading firms looking to move into new asset classes, and new geographies, with an eye on ROI.

Related content

WEBINAR

Upcoming Webinar: Market data management, licensing and administration in the post-Covid environment

Date: 25 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of...

BLOG

Time for Exchanges to Overcome Longstanding Barriers to Fair Pricing

By Sylvain Thieullent, CEO of Horizon Software. From Euronext beating off stiff competition for the Milan stock exchange, to Cboe agreeing to purchase block trading venue BIDs, October was quite the month for exchange deal making. But given how so many post-2008 regulations aimed to increase exchange competition as opposed to reducing it, this recent...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System ā€“ or GLEIS ā€“ to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...