Selerity Offers U.S. Earnings Preannouncement Event Data for Traders and Risk Professionals
Selerity expands into unexpected, real-time machine-readable events by offering market-moving preannouncement data to sophisticated investment firms.
Selerity, a provider of real-time event data solutions for the financial services industry, is offering earnings preannouncement event data as part of its content offerings to allow traders to use unexpected, market-moving events in their trading strategies.
Corporate preannouncements are real-time, breaking updates released by companies regarding changes in their outlook or guidance ahead of scheduled earnings announcements. Like other unexpected news or events, these announcements have the ability to significantly move the market.
Selerity now provides all of the factual data contained in these irregular announcements to its customers in order to help them make faster and more informed event-based trading and risk management decisions, the vendor said in a release.
"Unexpected developments can represent the largest trading opportunities for firms since there is more liquidity in the market and sometimes a more significant reaction due to traders being caught off-guard," said Ryan Terpstra, founder and CEO of Selerity. "Unexpected events can also 'blindside' market-makers. By adding preannouncements to Selerity's data feed offering, our clients can better manage risk and improve their trading strategies."
Companies use preannouncements to release either positive or negative news ahead of their earnings date to help reset the market's expectations.
Selerity said its sophisticated search and extraction technology is able to precisely identify unexpected, important events that match trading and risk management opportunities for clients.
Selerity's technology has been built to incorporate auto-categorization, which automatically categorizes an event using Natural Language Processing, a critical step in identifying unexpected events, the vendor said.
Selerity launched its ultra-low-latency platform for delivering machine-readable U.S. Corporate, Economic and Energy event data in early March to meet the needs of sophisticated investment firms, including hedge funds, banks and proprietary trading companies.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio
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