Thomson Reuters Bows News Indexes

The vendor developed the news indexes with quantitative asset manager AlphaSimplex Group, to determine the types of news that cause market movements. Drawing on its existing research into algorithms that translate textual information into quantitative trading signals, AlphaSimplex used historical news and market data from Thomson Reuters to test its assumptions, and came up with a list of news categories that correlate closely to the behavior of financial instruments, says AlphaSimplex chairman

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