Product
Reuters NewsScope Sentiment Engine
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Product and service specifications
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Operating system
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User interface
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Overview
Reuters NewsScope Sentiment Engine (RNSE) processes a stream of Reuters English language news items, producing sentiment data for a list of customer determined target companies. Scores consist of how positive, negative, or neutral a particular article, or substantive entity within an article, is written by the author.
The RNSE can score many articles per second making it applicable to real time algorithmic trading as well as a host of other use cases.
Firms engaged in programmatic trading who want to send a buy or sell signal to trading applications based on positive or negative news scoring would benefit from using RNSE.
Benefits
- Search for patterns using each of the system output parameters or combine multiple metrics to provide competitive differentiation
- Programmatic trading use-case
Send buy signal when news is above certain level of 'positivity'
Send sell signal when news is below a certain level of negativity
- Risk management use case
Track sentiment on a company over time, converting to a risk measure
Aggregate sentiment risk for entire portfolio
- Trader/Analyst/Portfolio management use case
Sentiment indicator for decision support
Track and graph sentiment for portfolio, sector, market
Filter news or flag for extra attention
- Corporate use – track articles in real-time on company and competitors
Features
- New data set for market to analyse – very unique
- Prior analysis suggests it complements existing strategies or may be utilized on its own
- Each client will find a different signal based on mining the 28 fields
- Individual field analysis or combinations (relevance, sentiment, novelty)
- Published/absolute scores vs ratios or differences between scores
- Vary thresholds
- Vary time to market movement
- Paired analysis
- Stock vs Index; Index vs Index
- Large Cap (lots of news) vs Small Cap (less news) may have different signals
- Combine with other analytical processes
- Technical analysis - Series of positive news as you approach resistance level may lead you to break through; same for negative news at support level
- Fundamental analysis – comp/supplier checks, sector/market outlook, etc.
- Risk Management
- Trader decision support
Technical Specifications
- Minimum Software Requirements
- Minimum Hardware Requirements
- RNSE Application Server
- Microsoft SQL Server
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