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Screenshot of a breaking news alert e-mail from Q2 2017
The partnership will bring more timely and novel coverage of events such as analyst ratings, earnings surprises, insider trading and M&A news into RavenPack’s Big Data Analytics products. RavenPack’s research team has found news from The Fly to cause significant impact on short-term price movements.
In addition to analyzing The Fly content in real-time, RavenPack has incorporated over 17 years of historical news into their big data platform. Clients can use the long history to backtest their models before putting them into production as real-time trading models. The additional insight provided by The Fly will add to the set of premium content providers in RavenPack’s analytics offering, expanding the depth of coverage across their global universe.
Armando Gonzalez, CEO of RavenPack, commented:
Investors suffer when they miss information that affects their portfolio and it’s hard for any one news provider to pick up everything. By processing content from multiple, vetted providers, we ensure that we get all of the relevant news. The Fly has proven its ability to uncover news that impacts trading and its addition will help our clients make more timely and informed investment decisions”.
The Fly President, Ron Etergino, added:
Investors and traders need big data analytics based on timely, pertinent and consistent content in order to make good investment and trading decisions. We are excited to feed our real-time content into the RavenPack platform to help clients uncover and predict market moving opportunities in the timeliest manner.