Alphacet partners with Ravenpack
First Published 10th November 2009
Ravenpack to use Alphacet Discovery to support research of news-derived analytics
Peter Sibirzeff, chief executive officer, Alphacet: "As the importance of news continues to grow within the quantitative field, we are excited to partner with Ravenpack, one of the premier providers of news analytics and content."
Alphacet, Inc., a developer of software solutions for quantitative analysts, portfolio managers and traders, has announced that it has partnered with Ravenpack, a provider of news analytics technology and content, to support Ravenpack's internal research and development projects.
According to the agreement, Ravenpack will use Discovery to investigate adaptive trading models that leverage real-time news analytics and consider the news-based sentiment trend in the market. RavenPack News Scores and other content products created by RavenPack are fully compatible with the Alphacet Discovery platform, creating efficiencies in the quantitative research process.
"Today's 24-hour news cycle has made real-time news events one of the primary drivers of capital markets," said Armando Gonzalez, president and chief executive officer. "By combining our news analytics with Discovery's advanced model building functionality, we now can show traders how they can capitalize on news stories in automated trading programs to uncover new sources of untapped alpha."
"As the importance of news continues to grow within the quantitative field, we are excited to partner with Ravenpack, one of the premier providers of news analytics and content," said Peter Sibirzeff, chief executive officer for Alphacet. "Through this partnership, Ravenpack will use Discovery to build quantitative strategies quickly and efficiently to report new and innovative ways to leverage emerging news sentiment trends and analytics."
Alphacet Discovery is the only off-the-shelf, straight through processing alpha generation platform on the market. With Discovery, users can develop, back test, walk forward and launch strategies from one fully integrated platform to reduce strategy development time by up to a factor of five.