HedgeCo.net – NEW YORK, (March 19, 2007) – Dow Jones & Company (NYSE: DJ) today announced the launch of the Dow Jones Elementized News Feed. This ultra-fast, innovative feed revolutionizes the way news can be utilized by delivering richer, computer-readable news data directly into quantitativeanalysis models and automated trading programs.
Dow Jones Elementized News Feed is designed for both buy- and sell-side firms involved in algorithmic trading, quantitative analysis and execution management. The ultra-low-latency feed delivers economic and corporate news in precise and discrete elements in XML-tagged fields. This eliminates the need to parse unstructured text, allowing trading models and computer programs to interpret and take action on breaking news in milliseconds. The new solution also includes an archive of more than three years of elementized news for back-testing and statistical analysis of news flow and historical market reactions.
“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,” said Dennis Cahill, senior vice president and chief product officer, Dow Jones Enterprise Media Group. “Dow Jones is proud to offer a feed that revolutionizes how news can be analyzed and acted upon by market participants, while giving our clients the best possible news input for their proprietary models. This enables them to make trading, investing and hedging decisions with minimum latency and maximum security.”
Dow Jones Elementized News Feed brings hedge funds, banks and securities firms a highly reliable and well-structured feed of both economic and corporate news data. The feed provides market-moving data elements for all key economic indicators from major countries. The feed will cover public firms in the U.S. and U.K., providing earnings, other key corporate data and sentiment tagging, which signals whether news is significant or unexpected.
Dow Jones Elementized News Feed is available for demonstration starting March 6, 2007, and will be available for trading on April 2, 2007. For more information about Dow Jones Elementized News Feed, visit djnewswires.com/djenf.About Dow Jones & Company
Dow Jones & Company (NYSE: DJ; dowjones.com) is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron’s, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Licensing Services, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones is co-owner with Hearst of SmartMoney. Dow Jones provides news content to CNBC and radio stations in the U.S.
_____________________
Deborah McCandless
Account Executive
Walek & Associates | 317 Madison Ave. | Suite 2300 | New York | NY | 10017
Direct: 212.590.0523 | Fax: 212.889.7174
E-mail: dmccandless@walek.com | www.walek.com
