Thomson Reuters Adds NEWSFUL App, Increases Capacity for News Processing

Thomson Reuters has integrated NEWSFUL, an app which links corporate news, events and share price, into its App Studio on the flagship product Eikon, according to a company report.

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NEWSFUL was developed by Sigma News ventures which used natural language processing and Machine Learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term techniques to read corporate news with high precision and in near real time.

Mahesh Narayan, head of portfolio management and research, Thomson Reuters, said: “Our open platform enables us to add third-party applications onto Eikon that, when combined with our own solutions, give our clients enhanced products in an evolving marketplace. We believe NEWSFUL’s unique business classification taxonomy, combined with its visual user interface, will deliver valuable new intelligence for many of our users, from traders, PMs to analysts and researchers”.

Sigma News Ventures added that NEWSFUL has indexed news items from over 50,000 media sources over the past 10 years and sorted them into categories such as new product launch, company signing partnership deal, etc.

This classification is correlated with the share price, taking Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term into account, and then fed into the app.

Eikon is an open platform solution from Thomson Reuters that processes real-time and historical data and provides analytical and visualization tools that helps finance professionals to make better, efficient and informed decisions.