The agreement allows them to send market information within milliseconds. The companies claimed that electronic traders, quantitative analysts and risk managers can now achieve a competitive advantage through the use of this combination of Dow Jones’ market-moving industry news and information provided by the database of Revere Data’s revere relationships.
The clients of both the Dow Jones Elementized News Feed and the Dow Jones News & Archives text feed, due to this agreement, can discover trading opportunities more immediately and comprehensively through incorporating The Revere Relationships database.
The data offers information on the combination of relationships of the companies through their suppliers, customers, competitors, partners, key products and locations, and also their business units and/or subsidiaries.
Joe Lanza, president of financial markets at Dow Jones, said: “Institutional sales and trading professionals are constantly looking for an advantage, and the Dow Jones feeds paired with Revere Relationships changes how news flow can be accessed, interpreted, and utilized.”
“Since investment decisions are often highly dependent on the lag between events and their interpretation, the combination of real-time news with instantaneously available relationship information allows financial professionals to make smarter and faster trading decisions by gaining more comprehensive insights into markets before their competitors do.”
Kevin O’Brien, chief executive officer of Revere Data, said: “Overlaying Revere Relationships to the Dow Jones suite of news products provides firms with an information edge in understanding the context that a given piece of news has.
“Our clients have been requesting this greater functionality, specifically to understand how new information fits within a network of relationships and assist them in uncovering and testing investment ideas.”
