This latest data set is exciting as it expands our ability to create actionable alpha markers, increases our speed and the volume of data processed. This is an important step in our ongoing path to create additive sources of alpha
Salt Lake City, Utah (PRWEB)
September 18, 2017
Global financial markets’ newest alternative data and analytics application RelateTheNews continues to expand its alpha generating sentiment and natural language analytics data library to meet the high demand for proven alternative data by global quantitative hedge funds, quantamental managers and active asset management firms.
The latest dataset from RelateTheNews (RTN) is the result of a three-year daily financial news study and will be available on a subscription basis through(RTN). In addition to the new data set, this research and innovation marks a significant increase in the accuracy of financial company identification while also extending RTN’s core algorithmic capabilities of processing market specific sentiment mined data across publicly available news sources.
Through the application of RTN’s proprietary natural language processing (NLP) algorithms, knowledge from their clients and the continuous AI mining of over 700,000 financial news articles – this new set of sentiment data delivers significant alpha capability. “Since day one we have been dedicated to identifying and transforming big data in the form of financial news and other market relevant text into actionable insights for global markets. This latest data set is exciting as it expands our ability to create actionable alpha markers, increases our speed and the volume of data processed. This is an important step in our ongoing path to create additive sources of alpha for the active management market which is in need of data to drive alpha and the importance of active management over the growing interest in passive strategies” – Tim Decker CEO of RelateTheNews
Many NLP solutions analyze sentiment for the entire body of their base language, U.S. English for example, which can cause ambiguity and misidentification of meaning when applied in domain specific areas such as the financial markets. RTN’s sentiment analysis utilizes…