RavenPack, which provides big data analytics to financial institutions, today launched a new service to create trading signals from big data including the web, news, social media, regulatory filings, and more. Primarily utilized by quantitative hedge fund and asset managers, the new enhancements now allow more traditional investors to use the RavenPack platform to apply the techniques employed by the most sophisticated funds without the need for a team of data scientists.
Today, data-driven traders have to sift through thousands of data-sets to extract the information that matters most to them. RavenPack simplifies the process for firms by transforming unstructured big data sets, such as traditional news and social media, into structured data, including sentiment and media attention indicators, to help financial services firms to interpret business and macroeconomic trends and improve performance.
The new enhancements to RavenPack’s platform meet the market’s demand from traditional investors that are turning increasingly quantamental, by combining fundamental data and other data sources.
RavenPack clients now can more easily use sentiment analysis and convert market-moving events such as economic indicators, earnings releases, and M&A reports into trading signals, further enabling investors to make more informed and timely investment decisions.
Now more self-service and automated, RavenPack allows discretionary and fundamental investors to:
- Construct complex trading signals using a simple user interface to more easily detect market-moving events. Investors now can easily plug big data into more traditional strategies.
- Identify market trends and patterns visually by charting sentiment indicators alongside pricing data to make better predictions.
- Download signals into popular tools used by analysts and traders including Excel, R, Python, and Matlab.
According to Armando Gonzalez, CEO of RavenPack:
The ability to build custom signals on the RavenPack platform is a game-changer for discretionary and fundamental investors, who value logic and facts. Until now, our core tools and techniques have only been available to the largest quantitative hedge-funds and investment banks. Creating signals from big data sources is now simple and intuitive, and accessible for most financial professionals.
RavenPack launched its self-service data and visualization platform in March of this year. The platform enables clients to query and visualize big data on thousands of entities including companies, commodities, currencies, organizations, people and products. In early 2017, the company secured $5 million backing from Draper Esprit PLC (LON:GROW), a leading venture firm involved in the creation, funding and development of high-growth technology businesses.