June/July 2008
RavenPack co-sponsors the 4th Annual Carisma Conference on
Risk Control Strategies for Hedge Funds and Program Trading
This unique conference brings together research knowledge from the
fields of Hedge Funds and Program Trading, providing an excellent
opportunity for practitioners and academics working at the forefront of
financial planning, optimisation and risk modelling to discuss problems
and challenges and to suggest fruitful directions for future research
which focus on the emerging requirement of the finance industry.
Philip Gagner, CTO of RavenPack International, will direct the workshop
on News Analytics and Financial Modelling on July 3, 2008, 1:00-4:30pm.
The workshop will cover basic properties of time series data and
quantitative models, which are based on news. Applications to financial
models will be presented.
• Frequency, auto-correlation, error rates, and scaling of news-based
series
• Techniques used to extract numerical factual and sentiment data
• Long and short horizon effects of news volume and sentiment on
price and volatility
• Incorporating news into portfolio management and strategy trading
• Various measures of information content in news, with advantages
and disadvantages of each
• Case study of 2007's CDO underperforming mortgage scenario
• Accessing news analytics with R/S+, MATLAB, Java, C++: an
introduction & handout.
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For more details to this workshop, visit the Optirisk Web Site
September 2007
Dow Jones and RavenPack Collaborate to Deliver Dow Jones
News Analytics with API for Customers' Proprietary Trading
Systems
New Developer's Kit Enables Banks and Hedge Funds to Seamlessly
Integrate News and Sentiment Data into Their Own Algorithmic Trading
Models
NEW YORK (September 27, 2007) - Dow Jones & Company (NYSE: DJ)
today announced the launch of a Dow Jones News Analytics Developer's
Kit, an application programming interface (API) that seamlessly integrates
Dow Jones News Analytics' enriched data directly into a customer's
proprietary trading platform. The company also announced that Dow
Jones News Analytics is now available in the U.S. and Canada, in addition
to Europe.
Produced in partnership with RavenPack, a leader in computational
linguistics, Dow Jones News Analytics provides a unique combination of
Dow Jones real-time news and RavenPack's sentiment data. Now, firms
can integrate this data into their automated trading systems while
transforming the Dow Jones real-time news into actionable data within
milliseconds of the news breaking in the market. Users can request and
process historical and real-time news analytics directly from within their
platform. Financial organizations can also choose a hosted solution to
research and create new algorithmic trading models based on news.
"The algorithmic trading community is constantly searching for more ways
to turn news into profits," said Joe Lanza, vice president and managing
director, Algorithmic & Trading Products, Dow Jones Enterprise Media
Group. "Dow Jones News Analytics translates the vast database of Dow
Jones content into actionable trading data, in flexible formats to fit the
customer's business and technological needs."
Dow Jones News Analytics is the company's first hosted solution to combine
news, archives and analytics tools that allows users to transform Dow Jones'
text-based archive into numerical data. Using RavenPack's computational
linguistics technology and embedded statistical tools, Dow Jones News
Analytics can identify trends and correlations in news and sentiment for
most asset classes orinstruments. This data is graphically displayed and
manipulated against streaming and historical price and volume data,
enabling analysts and traders to design, develop and deploy proprietary
models for trading, arbitrage and back-testing. RavenPack's systems are
also scaled to allow the real-time, tick-by-tick analysis of large volumes of
news in Dow Jones News Analytics.
The new Developer's Kit can work with hundreds of third-party statistical
and market analysis programs. It is fully compatible with the latest versions
of Java. Application developers benefit from resources including testing
systems, code samples, technical documentation and technical support.
Dow Jones News Analytics is the latest offering to draw on Dow Jones's
award-winning news coverage and provide the depth and speed of
information that algorithmic and quantitative professionals require.
The product provides sentiment analysis of each news story using various
linguistic techniques. These involve classifying news by counting key words
and phrases, training computer programs on the views of financial experts,
and ultimately rating stories on how markets historically respond to news.
Using this hosted service, financial firms can enhance their proprietary
models with leading-edge news analysis and overcome the professional,
technology and cost constraints associated with text mining vast amounts
of news. In addition to Dow Jones's comprehensive, real-time news, users
have instant access to more than 20 years of Dow Jones news and
information represented numerically or as full text.
"We are pleased to respond to the demand for capability heard from both
Europe and the U.S. by technologically and geographically broadening Dow
Jones News Analytics," said Armando Gonzalez, president and CEO of
RavenPack International. "We are leveraging the strengths of a leader in
news with those of a leader in information analysis. This solution provides a
competitive advantage to firms of all sizes in the financial markets."
For more information about Dow Jones News Analytics, click here
About Dow Jones & Company
Dow Jones & Company (NYSE: DJ; dowjones.com) is a leading provider
of global business news and information services. Its Consumer Media
Group publishes The Wall Street Journal, Barron's, MarketWatch and
the Far Eastern Economic Review. Its Enterprise Media Group includes
Dow Jones Newswires, Factiva, Dow Jones Licensing Services, Dow Jones
Indexes and Dow Jones Financial Information Services. Its Local Media
Group operates community-based information franchises. Dow Jones is
co-owner with Hearst of SmartMoney. Dow Jones provides news content
to CNBC and radio stations in the U.S.
June 2007
RavenPack sponsors seminar on Program Trading and Financial
Models for Hedge Funds
Two-day seminar combines leading topics in high-tech finance and brings
together practitioners, academics and researchers.
RavenPack Intenational S.L. will co-sponsor a two-day seminar on
Program Trading Techniques and Financial Models for Hedge Funds in
London on June 26 and 27, 2007. Designed to bring together hedge fund
providers, investment analysts and academics, the program includes
speakers from Columbia University, Deutsche Bank, and others.
RavenPack's Vice President, Philip Gagner, will present "Automated News
Content Analysis and Algorithmic Trading" as part of the seminar. Gagner
will represent the company's expertise in Algorithmic Trading, a field
RavenPack has researched and commercialized for the past ten years.
As groundbreaking research emerges from the academic community, the
seminar creates a unique opportunity for companies like RavenPack to
collaborate with PhDs and end-users alike.
Those interested in registering for the seminar should contact Optirisk
Systems at +44 (0) 1895 819 483.
RavenPack International has researched and developed news analytics
for use in Algorithmic Trading since 1999. The company's web-based
solutions instantly visualize, manipulate and make actionable terabytes
of data. Products such as the Algorithmic Trading Platform, which guides
users from news analysis to trade execution, are based on the
award-winning RavenSpace Technology and instantly empower financial,
academic and government clients with actionable analytics.
###
For more information on Algorithmic Trading or RavenPack's data-access
technologies, call +34 952-907-390 or email info@ravenpack.com.
June 2007
RavenPack participates in "Technology for the Sell-Side" forum in
London
Forum addresses the role of cutting edge technologies in
financial markets
RavenPack International will attend the "Technology for the Sell-Side"
forum in London on June 25, 2007. Composed of panels and case studies,
the forum brings together financial experts and technology leaders to better
understand the overlap between the two sectors
Philip Gagner, RavenPack's Vice President and CTO, will participate in a
panel discussion entitled, "E-trading, E-decisions, Algorithmic trading --
what's next?" alongside top executives from Deutsche Bank, Dresdner
Kleinwort, HSBC and Bank of America. RavenPack's expertise in the field
comes from the company's accumulated research and experience in
commercializing revolutionary news-based technologies in Algorithmic
Trading.
Those interested in registering for the seminar may do so online or by
calling Tracey Huggett at +44 (0)20 7749 0232.
RavenPack International has researched and developed news analytics for
use in Algorithmic Trading since 1999. The company's web-based solutions
instantly visualize, manipulate and make actionable terabytes of data.
Products such as the Algorithmic Trading Platform, which guides users from
news analysis to trade execution, are based on the award-winning
RavenSpace Technology and instantly empower financial, academic and
government clients with actionable analytics.
###
For more information on Algorithmic Trading or RavenPack's data-access
technologies, call +34 952-907-390 or email info@ravenpack.com.
April 2007
Dow Jones and RavenPack Launch Analytic Software that
Transforms News into Data for Quantitative Analysis and
Algorithmic Trading
Hosted "Dow Jones News Analytics" Enables Quick Design
and Deployment of News-Enabled Models
LONDON, Apr 13 - Dow Jones & Company (NYSE: DJ)
today introduced Dow Jones News Analytics, a secure, Web-based
software application that enables hedge funds and banks to quickly
and cost-effectively build news-oriented quantitative models for
algorithmic trading. The application, developed in partnership with
RavenPack, an analytics consultancy, works with Dow Jones'
real-time feed and continuously updated 20-year news archive, and
can both present results graphically on a screen or feed them into a
firm's automated trading systems.
Dow Jones News Analytics is the latest Dow Jones offering for
algorithmic and quantitative specialists that leverages Dow Jones's
comprehensive news coverage from its 2,600 news staff and more than
130news bureaus around the world. The complete line-up includes Dow
Jones News & Archives for Algorithmic Applications, the text-based real-
time feed and 20-year archive that work with Dow Jones News Analytics,
and the recently launched Dow Jones Elementized News Feed. The new
elementized feed delivers news in precise and discrete elements in
XML-tagged fields, providing computer-readable news data for direct
integration into trading, execution and other models.
"Dow Jones has a long, renowned history of providing the trusted,
real-time news and information that drives market decisions," said
Dennis Cahill, senior vice president and chief product officer, Dow
Jones Enterprise Media Group. "Our latest solution, Dow Jones News
Analytics, expands on this commitment, providing algorithmic and
quantitative specialists with a turnkey solution that powers trading
strategies while reducing infrastructure and development costs."
Dow Jones News Analytics is the company's first hosted solution to
combine news, archives and analytics tools that allows users to
transform Dow Jones' text-based archive into numerical data. Using
RavenPack's computational linguistics technology and embedded
statistical tools, Dow Jones News Analytics can identify trends and
correlations in news and sentiment for most asset classes or
instruments. This data is graphically displayed and manipulated
against streaming and historical price and volume data, enabling
analysts and traders to design, develop and deploy proprietary
models for trading, arbitrage and back-testing. RavenPack's systems
are also scaled to allow the real-time, tick-by-tick analysis of large
volumes of news in Dow Jones News Analytics.
"We are proud to expand our relationship with Dow Jones," said
Armando Gonzalez, president and CEO of RavenPack International.
"With Dow Jones' leadership in news and our expertise in information
analysis, Dow Jones News Analytics puts news-enabled algorithms
within the reach of analysts and traders at firms of all sizes."
Dow Jones News Analytics will be demonstrated at TradeTech Europe,
the 7th Institutional Equity Trading & Technology Summit at Le Palais
des Congrès, Paris, from 24-27 April 2007. At the same event,
Simon Rodda, Dow Jones' director of international product management,
will chair the April 26 afternoon sessions on trading and technology issues.
Dow Jones is also short-listed for Best Overall Data Provider at the
TradeTech Awards 2007.
For more information about Dow Jones News Analytics, click here
About Dow Jones & Company
Dow Jones & Company (NYSE: DJ; dowjones.com) is a leading provider
of global business news and information services. Its Consumer Media
Group publishes The Wall Street Journal, Barron's, MarketWatch and
the Far Eastern Economic Review. Its Enterprise Media Group includes
Dow Jones Newswires, Factiva, Dow Jones Licensing Services, Dow Jones
Indexes and Dow Jones Financial Information Services. Its Local Media
Group operates community-based information franchises. Dow Jones is
co-owner with Hearst of SmartMoney. Dow Jones provides news content
to CNBC and radio stations in the U.S.
October 2006
RavenPack Releases New Algorithmic Trading Platform
RavenPack International S.L. (Spain) announces the release of a new
intelligent automated algorithmic trading platform named “AutoTrader”.
The RavenSpace AutoTrader is a robotic trade execution system
designed to trade 24/7 on any electronic financial market, in all
major exchanges around the world. It is a complementary trading
strategy for investment banks and hedge funds wishing to implement
their own trading model in a consistent, reliable, automated fashion.
RavenPack’s automated trading systems can be deployed for a specific
market and customized to meet the investor’s needs and trading
approach. The AutoTrader is built as a global trading platform and
can trade in parallel many different markets and securities, compare
trading results and real-time exposure, execute real-time trades
automatically, and hedge against many types of risk; all in real
time, at the same time.
It is not important how complex the customer’s trading model can be,
the AutoTrader can adopt to nearly unlimited rules and restrictions,
trading strategies and risk models, and can learn from and store the
results of trading activities, enhancing the customers overall
methodology.
May 2006
RavenPack launches new Political Intelligence Tool
RavenPack International S.L. (Spain) announced it will extend its
services to offer political intelligence solutions. By providing a
powerful, statistical sentiment analysis tool in an intuitive
online system. The new RavenSpace Policy Impact Analyzer
(RSPIA) provides clients the ability to track a policy’s trends and
sentiments as reported in news articles around the globe.
RSPIA is a novel resource for researchers at all levels in political
and business spheres. From researchers just beginning to have an
opportunity to analyze news textual data, to more experienced
researchers who can interpret real-time data in new ways.
"We're pleased to provide this service to the political and business
community," said Armando Gonzalez Behar, General Manager of
Ravenpack International S.L. (Spain), "We believe RSPIA has great
potential, and look forward to seeing valuable results."
About RSPIA
RavenSpace Policy Impact Analyzer (RSPIA), a product based on
Sentiment Analysis technology, automatically processes massive
volumes of news articles in real-time to extract valuable patterns,
insights, actions, behaviors, associations, preferences and opinions
in a variety of policy areas.
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