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April 14th 2008 - COMTEX NEWS NETWORK, INC. introduced a new, proprietary CustomWire targeted to meet the needs of buy- and sell-side algorithmic traders.

Comtex Introduces New Black Box Trading CustomWire® –Transform Real-Time News into Actionable Trading Data


“The new Comtex Black Box Trading CustomWire transforms real-time news feeds into actionable data for instant use with algorithmic trading, quantitative analysis and execution management models,” said Chip Brian, Comtex’s President and CEO. He also noted, “Since global economic and corporate events have a strong influence on markets and trading, Comtex is excited to introduce this product at a time when market uncertainty makes usable real-time news and data more important than ever.”

Chip Brian, Comtex’s President and CEO:  “The new Comtex Black Box Trading CustomWire transforms real-time news feeds into actionable data for instant use with algorithmic trading"

 

Comtex will introduce the Black Box Trading CustomWire at the STANY (Securities Traders Association of NY) 72nd Annual Dinner and Conference on April 17, 2008 in New York City. As part of its continuing support of its investment industry clients, Comtex is also a sponsor of the STANY event.

Clients in the financial community have relied on Comtex, one of the market originators of electronic real-time news, for more than a decade for the distinctive value it adds to real-time, public company news with metadata including stock ticker symbols, keywords and timestamps.

The Comtex Black Box Trading CustomWire sorts real-time news into XML-tagged fields which are machine-readable for easy parsing and direct embedding into trading programs and models. Securities firms, investment and commercials banks, and hedge funds can receive all this market moving news content in one consistent format.

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