Corpora Launches News Algo-Enabling Platform

Corpora Software, a provider of text analytic software based in Guildford, UK, will this week launch NewsAlpha, an application for scanning and parsing unstructured text from news stories, to allow trading firms to utilize news stories as triggers for algorithmic trading applications, officials say.

The Web service-based platform scans generic unstructured XML-tagged newsfeeds and assigns ratings for sentiment, relevance and uniqueness to each corporate entity mentioned in individual article

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