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A major Hedge Fund has a team dedicated to short-term trading based on special situations and Unscheduled news events that create short term opportunities in one or more tradable instruments (e.g. Stocks, Futures).
These types of events can be modeled based on previous occurrences and correlation with one or more trading instruments.
Since these types of events are unscheduled, the occurrence and timing is not known and thus requires that the event be detected in near real time to maximize profits.
As stocks, options and futures markets become dominated more and more by High-Frequency Trading (HFT) algorithms, the time to profit is reduced to near zero.
Without a systematic, automated approach to detecting news events and efficient triggering of trade execution, firms are left out of the trade or in the red.
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Using the Psydex APIs against a Psydex AG configured for news and market data the customer is exposed to many more tradable events and significant reduction in the time to detect both specific events (e.g. Mergers, Management Change) and unusual chatter across many diverse mediums, including major News Wires, Social Media, and Television.
Psydex AG provides the customer with a fully integrated system that automates the process end to end, from news gathering to event detection, making it easy to visualize and integrate with their existing order execution system.
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News Aggregation
Psydex AG configured for news fuses content from multiple News Wires, Social Media, and Television – eliminating the need for the customer to address the wide array of formats, encodings and API(s) delivered by the multitude of Content Providers.
Client-Specific Models
Psydex AG configured for news provided the customer a starting point with Publicly Traded Companies, Industries, Sectors, and Tradable Themes pre-populated, as well as the ability to modify and create Topics of interest to the firm.
Real-Time Event Detection
Psydex AG configured for news provided the customer with a set of rules to get them up and running fast, as well as a set of tools and samples to build their own rules.
Integration
Psydex AG configured for news provided the customer with a set of API(s) which made it easy to integrate with their existing algorithms and order execution system.
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