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Reuters has launched two products that allow automated finance trading computers to 'read' its news.

NewsScope Real-time electronically tags news stories, identifying sectors, individual companies, stories or specific items of data to assist automated trading.

NewsScope Archive allows clients to replay stories as they unfold in the market allowing them to back-test and fine-tune trading strategies.

Once this archive is linked with Reuters Tick archive of price data, clients will be able to accurately map historic price movements against the news stories that generated them.

Tom Glocer, chief executive officer of Reuters, said: "For the first time Reuters is enabling customers to leverage the strength of our global news service to power automated trading.

"The globalisation and complexity of financial markets are driving greater use of computers to execute trading strategies. Our clients are incorporating news into their automated trading strategies and our latest offerings can help them find undiscovered value."

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Written by
Oliver Luft

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