RTS Realtime Systems Group, an electronic trading solutions provider, has integrated a computer-readable economic data feed from financial data firm Need to Know News (NTKN) into its trading platform.
NTKN’s Lighting Bolt-i feed has been combined with RTS’s RTD Tango algorithmic trading platform, allowing latency-sensitive traders, such as hedge funds, to incorporate global economic data into their algorithms.
According to NTKN, the computer-readable data is particularly useful for those trading US treasuries and other global fixed income products, as well as energy and other commodities. It also includes key economic indicators such as housing, unemployment, retail sales and gross domestic product that can be fed directly into algorithms. The data flows from government-embargoed newsrooms through NTKN’s dedicated network lines via the RTS Feed application programming interface into RTD Tango.
“With our Lightning Bolt-i feed, traders are privy to key global economic releases and other market-moving news throughout the day,” said Clint Rhea, COO of NTKN, in a statement. “Our journalists report via ultra-low-latency infrastructures and have privileged access to vital official data from sources such as governments and central banks.”