NEW YORK, April 5, 2011 /PRNewswire/ -- RavenPack, the leading provider of real-time news analytics, today announced a new service that provides hedge funds, banks, and asset managers with news and sentiment analysis. The new service enables financial professionals to power investment and trading decisions with analytics derived from thousands of unstructured news stories, from a variety of authoritative media sources.
RavenPack News Analytics "Wired Edition" is the company's latest financial news analysis offering. The service is underpinned by a diverse set of content from leading news organizations including The Associated Press, one of the largest and most trusted sources of independent newsgathering.
"On any given day, more than half the world's population sees news from The Associated Press," said Claire Wachter, Development Manager for Financial Products, The Associated Press." The AP's unmatched depth of content across multiple platforms combined with RavenPack's cutting-edge analytics is an essential tool for any business and financial professional."
RavenPack analyzes thousands of news items per day in real-time from some of the most respected news publishers, combining more than 5,000 reporters located in over 100 news bureaus around the world.
By extracting and tagging key information from unstructured news stories, RavenPack News Analytics provides a way to capture not only the key events but also the relevance, novelty, and sentiment of any story - in a matter of milliseconds. Extensive research shows that this information can add value both in high frequency trading and longer-term investing, including stock selection and risk management.
RavenPack provides the fastest way to capture over 300 market-moving company events such as unexpected corporate releases, critical financial developments, product and legal issues, rumors or leaks and many others. Thousands of critical and reliable market-moving events and scores are published on a daily basis as part of the RavenPack News Analytics feed.
"Leading financial institutions use RavenPack News Analytics in their investment and trading programs," said Armando Gonzalez, President and CEO of RavenPack. "With key publishers powering our service with fast, trusted, and value-adding content, our clients gain more insight and perspective of what's really going on in financial markets."
The RavenPack News Analytics "Wired Edition" builds on the success of the company's existing products, attracting customers who value RavenPack as a trusted provider and innovator in the market for tradable news analytics. Structured to be competitively priced, the new product caters to financial firms of all sizes.
For more information, visit: http://www.ravenpack.com/services/rpna_wired.htm
RavenPack specializes in developing solutions for analyzing, interpreting and delivering actionable information from real-time news media. Using the most advanced techniques in linguistic analysis, RavenPack provides real-time alerts, indicators, and other analytics derived from global news providers. The company delivers value-added content within milliseconds of news publishing.
For subscriptions information, contact: Don Williams, +1(203)545-6329 [email protected] or visit: http://www.ravenpack.com