New York - RavenPack, the provider of big data analytics to financial institutions, will begin processing content from The Fly, a digital publisher of financial news.
The partnership will coverage of events such as analyst ratings, earnings surprises, insider trading and M&A news into RavenPack's Big Data Analytics products. RavenPack's research team said it has found news from The Fly to cause significant impact on short-term price movements.
In addition to analyzing The Fly content in real-time, RavenPack has incorporated over 17 years of historical news into their big data platform. Clients can use the long history to backtest their models before putting them into production as real-time trading models.
"Investors suffer when they miss information that affects their portfolio and it's hard for any one news provider to pick up everything. By processing content from multiple, vetted providers, we ensure that we get all of the relevant news." said Armando Gonzalez, CEO of RavenPack.