Dow Jones announced on Monday the expansion of its algorithmic trading solution, the Dow Jones elementised news feed, adding public company data in a computer readable format.
According to the firm, coverage includes earnings, earnings guidance, merger announcements and analyst upgrades and downgrades across all U.S. and Canadian public companies and major U.K. companies. The feed also introduces sentiment tagging, alerting traders and analysts of significant and unexpected company news about executive changes, bankruptcies, stock splits and restatements.
Dow Jones says its elementised news feed is designed for both buy- and sell-side firms involved in algorithmic trading, quantitative analysis and execution management. The low latency feed delivers both economic and corporate news in precise and discrete elements in XML- tagged fields, says the firm. The application of tags to news ensures that users are alerted to any important developments.
"Dow Jones helps traders execute on material news before their competitors have read the headline," says Joe Lanza, vice president and managing director, solutions for algorithmic and quantitative trading, Dow Jones enterprise media group. "With the addition of corporate news to the Dow Jones elementised news feed, we provide the information that algorithmic professionals require at the speed they need to stay ahead in today’s fast-moving marketplace," he continues.