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 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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