The move underlines Reuters commitment to using innovation to improve its fast and reliable news and data offering in ways that help clients trade more effectively in todayâs high speed markets. Both products take their place in Reuters complete suite of offerings for automated trading and form part of its Core Plus strategy.
Reuters NewsScope Real-time lets Reuters clients use Reuters live news content to drive automated trading and respond to market-moving events as they occur. Each news item is âmeta taggedâ electronically to identify sectors, individual companies, stories or specific items of data to assist automated trading.
Reuters NewsScope Archive lets customers replay stories as they unfolded in the market, allowing them to back-test or fine tune their trading strategies in response. Once linked with Reuters Tick History â an archive of tick-by-tick price data - clients will be able to accurately map historic price movements against the news stories that generated them.
Tom Glocer, Reuters Chief Executive Officer, said: âFor the first time Reuters is enabling customers to leverage the strength of our global news service to power automated trading. The globalization 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.â
Peter Moss, Global Head of Reuters Enterprise Division, said: âMany clients are now starting to look beyond traditional data sources and want to access to Reuters news to give an added dimension to their automated trading. Our NewsScope products are an important addition to the Reuters suite of automated trading offerings now available to our clients.â