Reuters helps computers read the news
Having amassed a daily audience of a billion people, Reuters is now aiming to build its readership among computers. The UK.-based news and financial information service on Monday launched two new products to automate financial trading based on news content. The first is Reuters NewsScope Real-time, which clients can use to drive automated trading based on news stories. The service meta tags story content to identify the industry sectors, companies, and other data that might be useful to financial traders. The second is Reuters NewsScope Archive, which lets the company’s clients analyse news stories in conjunction with market performance to test and refine strategies to profit from headline-driven market moves. (Information Week,December 13, 2006)
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