Thomson Reuters today announced the launch of a new service which will provide high frequency traders in London and Chicago the fastest access to market-moving machine readable news content. Thomson Reuters NewsScope Direct offers microsecond delivery of highly structured news and economic data which enables clients to buy and sell financial instruments before the information moves the market.
Housed in Thomson Reuters London and Chicago hosting centers, NewsScope Direct allows clients to easily incorporate news and events into a variety of trading strategies. Customers can connect to the newsfeed from their own data centers or leverage Thomson Reuters proximity hosting solution.This will benefit high frequency trading firms operating in the FX and Futures markets which can move sharply in response to key news and economic data.
Rich Brown, Global Business Manager, Machine Readable News, Thomson Reuters, said: “Being first to act on this information can dramatically affect a firm’s profit and loss. The launch of NewsScope Direct, the market’s fastest machine readable news service, into London and Chicago reflects our commitment to delivering the market moving information our clients need at the speed required by their high performance trading strategies.”
Today’s launch is an expansion of the service available to clients in New York and the company’s beta site operating in Washington, D.C. In addition to the live launch of Thomson Reuters Hosting facility in Chicago, which is the next step in Thomson Reuters infrastructure transformation that delivers clients direct access to the markets in which they trade.
NewsScope Direct is a key element within the Thomson Reuters solutions for Quantitative and Event Driven Trading which provide unique content, technology, and data management capabilities for exploiting market opportunities. The solutions enable clients to successfully develop, back-test, and deploy quantitative and event-based trading and investment strategies to generate alpha and more effectively manage risk.