THOMSON REUTERS ENHANCES MACHINE-READABLE NEWS SERVICE
Posted January 21, 2009
NEI, developed with asset management company AlphaSimplex, is aimed at
hedge funds and investment banks pursuing quantitative-driven investment
and trading strategies. The indices will be a key capability within the
Thomson Reuters Quantitative and Event Driven Trading solution portfolio
which offers the financial community comprehensive historical archive
and real-time content sets together with analytical tools for
quantitative investment strategies.
“The launch of NewsScope Event Indices reflects our continued desire to
look for opportunities to innovate around our core strength as a leading
global news and financial data provider and help our customers extract
greater value from our content,” says Mike Powell, Global Head of
Enterprise Information, Thomson Reuters. “Our collaboration with
AlphaSimplex enables us to deliver the actionable information that can
help them more intelligently incorporate the impact of news and events
into their trading and risk strategies.”
NEI creates real-time indices which measure when abnormally large
amounts of news occur in various categories. When the level of news in
these categories reaches a certain threshold, a signal is sent to a
customer’s trading or risk management system alerting them to potential
market movements. Clients will have access to detailed whitepapers which
discuss the research methodology and historical data that test the
applicability of the indices for their trading strategies and risk
management systems.
“By combining AlphaSimplex's experience in quantitative research with Thomson Reuters market data and news expertise, we are able to deliver a unique set of real-time news analytics that allow investors to seize market opportunities and manage event risk,” says Andrew Lo, Chairman and Chief Scientific Officer at AlphaSimplex.