Acuity Trading, a sentiment-based technology company, has teamed up with Dow Jones, launching a new strategic partnership that combines big data technology with one of the largest financial news hubs. The collaboration will see the deployment of a new visual news-analytics tool, called Acuity Visual Edge.
Acuity Visual Edge is powered by Dow Jones, which is presently in its beta testing phase. The new tool will display a wide range of news sentiment indications and resources from both Dow Jones and Acuity Trading news sources, offering traders improved visual cues to better understand market trends and stimulate trade ideas.
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Sentiment-based systems helping traders
Big data and sentiment-based trading tools have permeated the financial services industry in recent years, most of which well received at institutional and retail venues. The ability to harness this technology has shown tangible yields for traders and market participants. Acuity Visual Edge will also support the new Dow Jones DNA platform that launched earlier this year in April.
According to Andrew Lane, CEO Acuity Trading, in a statement on the partnership: “News is an incredibly rich source of data and so much opportunity can be derived from news by traders when its value is understood and harnessed in the right way. This is why we have focused on creating a tool with Dow Jones that makes its content central to a trader’s research activity and presenting it in ways that traders can make best use of it.”
“With the rise of ‘fake news’, traders are rightly questioning the provenance of the news sources that are plugged into analytics engines, and questioning the content they read. Our partnership with Acuity Trading and the exciting new visual offering that we are bringing to the market ensures our users can be confident in the data and the tools which inform their trading activity,” Jason Malatesta, Head of Partners & Alliances at Dow Jones, explained.