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Dow Jones develops news feed for automated trading and analysis

Posted: 06/03/07 By: Oliver Luft
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Dow Jones has launched a news feed to deliver computer-readable news data to automated-trading and analysis programs.

The feed, which will be available for trading on April 2, can supply economic and corporate news data for both buy and sell-side firms.

News is delivered in XML-tagged fields to eliminate the need to parse unstructured text, allowing trading models and computer programs to interpret and take action on breaking news in milliseconds.

The service also includes an archive of more than three years of news for back-testing and statistical analysis of news flow and historical market reactions.

"Dow Jones is proud to offer a feed that revolutionizes how news can be analyzed and acted upon by market participants, while giving our clients the best possible news input for their proprietary models.

"This enables them to make trading, investing and hedging decisions with minimum latency and maximum security," said Dennis Cahill, senior vice president and chief product officer, Dow Jones Enterprise Media Group, in a press statement.

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