Dow Jones to deliver news optimized for algorithmic trading and quantitative analysis

Dennis Cahill, senior vice president and chief product officer, Dow Jones Enterprise Media Group: "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..."

Dow Jones has 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 quantitative analysis 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.