RavenPack provides analytical tools for financial firms to help make sense of the news. One of my 5 companies investment professionals should know, this firm is quickly rolling out different product offerings. Already providing something similar for Dow Jones’ content library, RavenPack announced a partnership today with the Associated Press.
According to the news:
AP and RavenPack will develop a series of products, the first of which is scheduled to launch in the first half of 2011. The products will process AP content with sentiment analysis techniques to produce metrics than can be consumed by quantitative models and trading programs. As a result, computers reading signals from the news can create trading transactions or alert traders to specific events.
There seems to be continued focus and activity around finding technology solutions to quantify news flow. RavenPack primarily uses sentiment analysis. Recorded Future provides a temporal analytics engine in an attempt to handicap future events based on chatter while SENSENews approaches this problem by scouring the web to semantically filter fundamental information.
Source:
The Associated Press and RavenPack team up to create suite of new analytics products (BusinessWire)