Forward-Thinking Handbook on News Analytics in Finance is Published
OptiRisk, Thomson Reuters and RavenPack contribute expert commentary on news
analysis and its application to financial markets
LONDON & NEW YORK - 04 May - OptiRisk, the optimisation and financial analytics
provider, today announced the publication of 'The Handbook of News Analytics in
Finance', the first compilation of the research from leading industry experts on
the impact of news in moving the financial markets. Bringing together recent
work from principal researchers, practitioners and suppliers in the field of
news analytics the handbook seeks to define the four corners of this
increasingly influential discipline.
The use of news analytics tools is now becoming mainstream in financial markets
with institutions using such tools to feed high-frequency, sub-second trading
engines as well as to aggregate weekly and monthly news data to analyse trends,
improve their risk models and hedge against market movements. More recently,
trading firms have also looked to interpret the sentiment found in new forms of
communication such as Twitter and blogs to generate alpha.
The handbook is designed to deliver a rapid and comprehensive understanding of
the main elements of news analytics by featuring research from esteemed
professors Andrew Lo, Terrence Odean and Sanjiv Das as well as insight from
market practitioners Thomson Reuters and RavenPack who offer products in this
space. The handbook is edited by Professor Gautam Mitra who has set out a road-
map that professionals and academics can follow to augment or kick-start their
skills in the field of news analytics.
"We set out to make this publication a timely and ground-breaking source of
knowledge on how qualitative sources of information can be used in the
quantitative investment process," said Professor Mitra.
The content is presented in four parts: the first deals with the measurement of
sentiment, the second with the relationship between news and abnormal returns,
the third with enhancing risk control using news, and the concluding section
featuring an industry focus from experts in the vendor community, and a concise
summary of the main providers of content and technology in this space.
Following his review of the book, Matthew Lee, Head of Research at BlackRock,
said: "The world runs on information and few areas as directly so as in Finance.
Now that technology and quantitative techniques have caught up to the live news
feed, this volume will be an indispensible addition to the practitioner's
Professor David J. Hand, President of the Royal Statistical Society, added:
"This book is the first to provide a comprehensive overview of the state of the
art. The work described in this volume will enable us to discern and quantify
the forces which steer financial markets."
The handbook is published by John Wiley and Sons, Ltd and is available now for
Gautam Mitra and OptiRisk Systems
Professor Gautam Mitra is an internationally-renowned research scientist in the
field of computational optimisation and modelling. He has developed a world-
class research group at CARISMA with participants from Europe, UK, USA and Asia.
He has published three books and over one hundred refereed research articles. He
is the founder of OptiRisk Systems, a company that specialises in the research
and development of financial analytics.
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals.Â We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial, legal, tax and accounting, healthcare and science and media markets,
powered by the world's most trusted news organization.Â With headquarters in New
York and major operations in London and Eagan, Minnesota, Thomson Reuters
employs more than 50,000 people and operates in over 100 countries. For more
information, go to www.thomsonreuters.com.
RavenPack is a leading provider of real-time news analysis services. Financial
professionals rely on RavenPack for its speed and accuracy in analyzing large
amounts of news content on more than 28,000 publicly traded companies across 80
countries. Financial institutions use RavenPack's news analysis services to
generate better returns by systematically incorporating the effects of news in
their investment process. The company's clients include some of the best
performing quantitative and algorithmic trading firms in the world.
For OptiRisk Systems:
Director, Sales and Marketing
Â +44 77 11 963 964
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Source: Thomson Reuters Corporation via Thomson Reuters ONE