Thomson Reuters Snaps Up News Analytics Partner Intellectual Property

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Terry Roche, global head of Elektron real-time and Enterprise Platform, Thomson Reuters

Thomson Reuters has bought out the intellectual property behind its News Analytics service from its developer, Amherst, Mass.-based Lexalytics, for an undisclosed sum, to give it full control over the solution as interest in unstructured data grows, officials say.

News Analytics measures sentiment and uniqueness of a news item and expresses it qualitatively, primarily for use by quantitative traders and high-frequency investment managers, though the vendor is also seeing it used in back offices