`Dow Jones News and Archives for Algorithmic Applications' Unveiled; Dow Jones Proves the Past is Future with Electronic News Archives.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , the leading provider of real-time market-moving news and information today announced the launch of Dow Jones News and Archives for Algorithmic Applications (Dow Jones News Archives). The new solution enables banks, securities firms and hedge funds to incorporate Dow Jones news into their quantitative models and computerized trading strategies, for the first time ever. To date, algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of applications have been limited to tracking and analyzing pricing data such as stock, bond and currency movements. Now, Dow Jones News Archives offers traders and quantitative analysts a comprehensive store of Dow Jones news, with a real-time feed to update the archives and facilitate algorithmic trading. The initial release of Dow Jones News Archives includes every headline, article and update available from Dow Jones & Co. over the last five years, including Dow Jones Newswires, all editions of The Wall Street Journal and Barron's. Items from the last two years are time-stamped to the millisecond One thousandth of a second. See space/time and ohnosecond. (unit) millisecond - (ms) One thousandth of a second, one thousand microseconds. A long time for a modern computer. , providing precise data for trading models and programs. An eight-year version of the Archives will be available in May, 2006, and the unprecedented solution will ultimately include twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of Dow Jones news and information. Dow Jones News Archives is expected to provide significant advantages to financial organizations in the areas of risk management, arbitrage, and pre- and post-trade analysis. "Algorithmic traders have long known that Dow Jones headlines can move markets but have struggled with feeding anything but raw numbers into their black boxes," said Paul Ingrassia, president, Dow Jones Newswires. "Dow Jones News and Archives for Algorithmic Applications solves that problem, offering the trading community its first comprehensive news archive." Dow Jones News Archives facilitates back-testing of the news by traders and analysts, and the rules generated can be applied to the real-time Dow Jones news feed. Customers can take delivery of the archives in one of two XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. formats, NewsML/NITF or Dow Jones News Mark-up Language, or in the Dow Jones Composite Feed format. Dow Jones News and Archives for Algorithmic Applications is available as an annual license. About Dow Jones Newswires Dow Jones Newswires (djnewswires.com) offers real-time news and information solutions for financial professionals providing investment, advice and institutional services, and focused information services See Information Systems. for corporate and communications executives. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes, MarketWatch, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva and with Hearst of SmartMoney. Dow Jones also provides news content to CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. and radio stations in the U.S. |
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