Company: Dow Jones, New York, NY Company Description: Dow Jones & Company is a News Corporation company and a leading provider of global business news and information services. Its Consumer Media Group includes publications such as The Wall Street Journal. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Nomination Category: Products & Product Management Categories Nomination Sub Category: Best New Product or Service - Financial Services
Nomination Title: Dow Jones Elementized News Feed - News for the Fastest, Most Reliable Decisions
- Tell the story about this nominated product or service (up to 500 words). Describe its function, features, benefits, and sales to date. You may include hyperlinks to product photos and data sheets. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
In today’s extremely competitive automated trading environment, proprietary traders, hedge funds and quantitative analysts are looking for every possible edge in their information sources and technology.
In response, Dow Jones Elementized News Feed provides a faster and richer news data feed and archives for automated trading and analysis. It delivers economic indicator and corporate headlines in precisely tagged elements on an ultra low-latency feed, all designed for direct integration into quantitative analysis models and computer trading programs.
The innovative Dow Jones feed revolutionizes how newsflow can be interpreted and acted upon for algorithmic trading, quantitative analysis and execution management. Dow Jones Elementized News Feed gives hedge funds, banks and securities firms an enhanced news source for analyzing and identifying trading, investing and hedging opportunities - and moving on information in milliseconds. Dow Jones Elementized News Feed places discrete pieces of news - keywords, timestamps, symbols and other crucial data - into XML-tagged fields for easy parsing and direct embedding into trading programs and models, speeding decisions to mere milliseconds. The feed, which includes an archive of over three years of historical data, delivers: • Faster Decisions - The news feed is ultra-fast, for the quickest market actions. • Greater Reliability - Human intervention is minimized and feed and archive data is delivered in a consistent, well-structured format, eliminating the need to parse unstructured text and maximizing the dependability of all data points and resulting output. • Enhanced Analysis - Elementized headlines are accompanied by a historical archive to facilitate more complex models and more thorough back- testing and pre- and post-trade analysis. Dow Jones Elementized News Feed includes the economic and corporate news most likely to influence markets and trading within the United States and around the world including: Economic Indicators - More than 150 indicators critical to market direction and pricing • G7 (U.S., U.K., Japan, Germany, France, Italy, Canada) • Euro-zone
Corporate News - Elementized headlines of corporate news and events • All publicly traded U.S. & Canadian companies • Largest U.K. companies • Earnings & Earnings Guidance • Merger Announcements • Analyst Upgrades & Downgrades • Executive Changes • Bankruptcy • Stock Splits • Restatements • Significance & Unexpectedness - All corporate news on the feed has sentiment tagging for analysis of potential impact • Archive - For evaluation of historical market reactions, an archive (dating from January 2004) of elementized news data for economic indicators, earnings and earnings guidance is included.
Website: http://www.djnewswires.com/us/djenf.htm
- List hyperlinks to any online news stories, press releases, product reviews, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
Sample Coverage: Securities Industries News: “Trading on the News” http://www.djnewswires.com/us/pdf/SIN_Trading_04_07.pdf Computer Business Review: “Dow Jones launches new trader news feed” http://www.cbronline.com/article_news.asp?guid=0B951A7A-FB22-475C-8188- E94EED2875D7 Automated Trader: “Dow Jones to deliver news optimized for algorithmic trading and quantitative analysis” http://www.automatedtrader.net/algo-trading-news- 542.xhtm BobsGuide: “Dow Jones Changes the Financial News Game by Delivering News Optimized for Algorithmic Trading and Quantitative Analysis” http://www.bobsguide.com/guide/news/2007/Mar/6/Dow_Jones_Changes_the_Financial _News_Game_by_Delivering_News_Optimized_for_Algorithmic_Trading_and_Quantitativ e_Analysis.html Finextra: “Dow Jones launches XML data feed for algorithmic trading” http://www.finextra.com/fullstory.asp?id=16606
Awards: Dow Jones Elementized News Feed was named “Best Data Solution” in the 2007 Financial News Awards for Excellence in I.T.
- Provide a brief (up to 100 words) biography about the leader(s) of the team that developed this nominated product or service:
As Senior Vice President and Chief Product Office for the Dow Jones Enterprise Media Group, Dennis Cahill has overall product revenue and technology responsibility for Content Technology Solutions within the Enterprise Media Group including: Dow Jones Newswires, Dow Jones Licensing Services and the Factiva product suite. As a member of the Leadership Team, Mr. Cahill plays a key role in influencing the overall company strategy. Previously, he was Vice President, Product, for Factiva, where he was instrumental in driving Factiva’s leadership status and innovator position in the business news and information marketplace by developing products that put advanced technologies to work solving customers’ strategic business issues. from the State University of New York, Buffalo.
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