news a computer can use

Influx Insights — 2007-11-11T19:43:12Z

It often seems like the robots science fiction promised never materialized.

Sometimes we see glimpses of something in Japan, but then we hear nothing.

What if the robots don't look like we expect them to?

What if the robots are already here?

Imagine trading on Wall Street, you would like to feel that you have an intuitive edge over the computer-based trading systems. That you have your ears to the ground in a way they couldn't hope to have. You have access to news in real-time, when they are just looking at trends in historic data.

Obviously, the news wire services believe that their news has a fiscal value well beyond the money they get paid by big media for their services and the classic ticker tape information that goes to trader's desks. They needed to find a way to provide services for the automated trading systems and it looks like Dow Jones has done just that.

"Dow Jones News Analytics Developers Kit, an application programming interface that allows financial institutions to integrate real-time news and data into their automated trading systems. The program fuses the capabilities and data of Dow Jones real-time news and RavenPack’s sentiment data, thereby creating a program that converts news into data trading systems can react to. However, users can also ask to use historical data too."

Surely, with the level of data brands now have access to, they must be close to building models of their markets as rich, complex and sophisticated as their Wall Street counterparts.

If not, it's just a matter of time before we all find ourselves servants responding to the predictions of the all seeing, all knowing black boxes.

When that happens, the robots will be with us, but we just won't notice them.

Posted by Ed Cotton

Influx Insights Tag Feed: sentiment

news a computer can use