Data Explorers Launches the First Securities Lending Newswire Using Narrative Science Automated Authoring Technology

NEW YORK and LONDON, January 23, 2012 /PRNewswire/ --

Data Explorers, the leading provider of securities lending data, tracking short selling and institutional fund activity across all global market sectors, today announced that it has partnered with Narrative Science, a Chicago based technology company whose artificial intelligence system transforms data into stories and insights, to create the world's first securities lending newswire for its customers.

Narrative Science helps companies create editorial content at a speed and scale that was not previously feasible. The company's artificial intelligence system takes raw data and transforms it into narrative content including stories, insightful business reports, tweets and more.

Jonathan Morris, COO of Data Explorers said: "Our global financial clients are sophisticated users of big data who also want to see stories revealed by the data. We partially addressed this by creating our own media team and our partnership with Narrative Science will amplify the output to highlight really interesting stories about short selling and institutional investor holdings identified by the 3 million intraday transactions in our database. Narrative Science enables a relatively small financial data organization to create its own bespoke newswire".  

"It makes smart business sense for a financial data provider to offer its clients real-time breaking news on securities lending activity. Our technology allows Data Explorers to leverage and highlight its unique data. We are delighted  that our  ground breaking technology helps Data Explorers scale its news output  and that it can now highlight the stocks and sectors driving key activities occurring in the fast moving global securities lending market," said Stuart Frankel, CEO of Narrative Science.

Over the last year Data Explorers has continued to invest in new innovation and technology in response to customer demands for real time publishing and social media solutions.  The company has partnered with third party vendors such as Bloomberg and Capital IQ, in addition to FactSet and Thomson Reuters to offer clients the flexibility to comingle Data Explorers content alongside market data within their preferred platform.

About Data Explorers

Data Explorers (http://www.dataexplorers.com) is the leading provider of securities lending data, tracking short selling and institutional fund activity across all global market sectors.  Established in 2002, Data Explorers is an independent company based in New York, London and Hong Kong. The company's analytics help clients to identify investment opportunities and manage risk.  With content sourced directly from market participants including prime brokers, custodians, asset managers and hedge funds, Data Explorers provides a unique data set of more than 3 million intraday transactions, covering $12 trillion of securities in the lending programs of over 20,000 institutional funds.  The service is accessible through the major market data platforms including Bloomberg, Capital IQ, FactSet and Thomson Reuters.

About Narrative Science

Narrative Science, a Chicago-based technology company and a 2011 Winner of the Chicago Innovation Awards, transforms data into stories and insights. Our proprietary artificial intelligence authoring system produces reports, articles, summaries and more that are automatically created from structured data sources. With amazing speed and quality, narratives are created in multiple formats, including long-form articles, headlines, Tweets and business reports. Narrative Science's technology solution helps customers save time and money by combatting data overload, time constraints, cost restrictions and scale issues. Our products help customers discover the insight that is hidden in their data and allows for the creation of new content at a scale that is simply unreachable given human resources alone. Founded in late 2009, the company was initially conceived at Northwestern University's Schools of Engineering and Journalism and is now headquartered in downtown Chicago. To learn more, go to http://www.narrativescience.com.

Data Explorers
Alex Brog, Head of Media
[email protected]
+44(0)20-7264-7602

SOURCE Data Explorers