Euronext Launches Sentiment Analysis Partnership with Heckyl Technologies

Monday, 02/11/2015 | 14:56 GMT by Jeff Patterson
  • The partnership will see the congregation of vast swaths of data from hundreds of thousands of sources worldwide.
Euronext Launches Sentiment Analysis Partnership with Heckyl Technologies
Photo: Bloomberg

Euronext, Europe’s largest Exchange , has partnered with Heckyl Technologies, a provider of news and data Analytics solutions, to push a sentiment data and market intelligence utility across Euronext’s markets, according to a Euronext statement.

A number of firms and exchanges have recently developed and experimented with sentiment-based trading systems and similar utilities. Earlier today, Acuity Trading rolled out its Market Alerts Sentiment Indicator, which was designed to provide consolidated information about the prospective moves across different markets.

Euronext’s latest foray into the analytics and data realm through Heckyl Technologies will be free of charge and is slated to cater to all companies listed on Euronext’s markets. Euronext is targeting retail investors and the platform’s release is slated for an H1 2016 launch, specifically through its Market Data app.

The partnership will see the congregation of vast swaths of data from hundreds of thousands of sources worldwide – indeed, Heckyl Technologies’ systems draws upon information from myriad websites, blogs, and other mediums to craft viable intelligence and sentiment-based systems.

According to Lee Hodgkinson, Head of Markets and Global Sales at Euronext, in a recent statement on the partnership, “Heckyl Technologies are one of the most exciting start-ups in London’s Level39 fintech hub and this innovative service will enable investors to increase insight in stock market behavior.”

“Heckyl’s incredible technology, allied with their leading capability to harness the gargantuan and complex expanse of public information, intelligently converts disparate data items into intuitive, insightful and actionable outcomes for market users,” he noted.

“We are delighted that Euronext has chosen to work with Heckyl to provide this insight to their users. We have seen the very positive impact this has had with our existing users and know that it will be well received. We look forward to a long partnership with Euronext, rolling out additional innovation and content in the near future,” added Som Sagar, COO and Co-Founder of Heckyl Technologies, in an accompanying statement.

Heckyl Technologies is a real-time data analytics company that aggregates a number of utilities into one consolidated platform, tapped FIND (Financial in News and Data). FIND is used by researchers, traders, or analysts alike for insight and structured data needs.

Last week, Euronext made headlines after it received formal approval from the Hong Kong Securities and Futures Commission (HKSFC) for the provision of its automated trading services (ATS) to clients domiciled in Hong Kong, according to a Euronext statement. The approval from the HKSFC was noteworthy as the European exchange intends to widen its gaze and market exposure into one of Asia’s foremost economic hubs.

Euronext, Europe’s largest Exchange , has partnered with Heckyl Technologies, a provider of news and data Analytics solutions, to push a sentiment data and market intelligence utility across Euronext’s markets, according to a Euronext statement.

A number of firms and exchanges have recently developed and experimented with sentiment-based trading systems and similar utilities. Earlier today, Acuity Trading rolled out its Market Alerts Sentiment Indicator, which was designed to provide consolidated information about the prospective moves across different markets.

Euronext’s latest foray into the analytics and data realm through Heckyl Technologies will be free of charge and is slated to cater to all companies listed on Euronext’s markets. Euronext is targeting retail investors and the platform’s release is slated for an H1 2016 launch, specifically through its Market Data app.

The partnership will see the congregation of vast swaths of data from hundreds of thousands of sources worldwide – indeed, Heckyl Technologies’ systems draws upon information from myriad websites, blogs, and other mediums to craft viable intelligence and sentiment-based systems.

According to Lee Hodgkinson, Head of Markets and Global Sales at Euronext, in a recent statement on the partnership, “Heckyl Technologies are one of the most exciting start-ups in London’s Level39 fintech hub and this innovative service will enable investors to increase insight in stock market behavior.”

“Heckyl’s incredible technology, allied with their leading capability to harness the gargantuan and complex expanse of public information, intelligently converts disparate data items into intuitive, insightful and actionable outcomes for market users,” he noted.

“We are delighted that Euronext has chosen to work with Heckyl to provide this insight to their users. We have seen the very positive impact this has had with our existing users and know that it will be well received. We look forward to a long partnership with Euronext, rolling out additional innovation and content in the near future,” added Som Sagar, COO and Co-Founder of Heckyl Technologies, in an accompanying statement.

Heckyl Technologies is a real-time data analytics company that aggregates a number of utilities into one consolidated platform, tapped FIND (Financial in News and Data). FIND is used by researchers, traders, or analysts alike for insight and structured data needs.

Last week, Euronext made headlines after it received formal approval from the Hong Kong Securities and Futures Commission (HKSFC) for the provision of its automated trading services (ATS) to clients domiciled in Hong Kong, according to a Euronext statement. The approval from the HKSFC was noteworthy as the European exchange intends to widen its gaze and market exposure into one of Asia’s foremost economic hubs.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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