Machine-Readable News Feeds for Low-Latency Trading
Summary
The discussion concerns machine-readable news for low-latency trading around US economic releases and equity news. It identifies several commercial feeds: Dow Jones Elementized News, Thomson Reuters News Feed Direct, Bloomberg Event-Driven Trading Feed, and NASDAQ OMX Event-Driven Analytics. For economic data releases, it also points to AlphaFlash and notes a fiber connection into the NY4 data center that was said to save a small amount of latency.
The answers name potential vendor sources but provide no measured latency comparisons or reliability figures. One respondent explicitly cautions that dependable latency numbers may be difficult to obtain from vendors. The exchange is therefore a starting point for identifying feed categories and providers, not evidence that any specific feed meets a trading system's timing requirements. It also does not discuss feed access terms, parsing quality, infrastructure costs, or the operational controls needed for trading around scheduled announcements.
Key ideas
- Machine-readable news feeds turn agency reporting and economic releases into data that trading systems can process.
- The named providers include Dow Jones, Thomson Reuters, Bloomberg, and NASDAQ OMX.
- AlphaFlash is identified as a service focused on economic release trading, with a connection into NY4 mentioned as a latency feature.
- The discussion supplies no independently verified latency measurements or provider comparisons.
- Feed suitability depends on the user's release coverage, infrastructure, and latency requirements.
Tags
Full text
# Fastest news feed APIs targeting high frequency trading? # Fastest news feed APIs targeting high frequency trading? The Dow Jones elementized news feed API seems to stand out but are there any other machine readable news feeds out there that provide very low latencies that high frequency operations may peruse? I am especially targeting US based economic news releases and US stock related news feeds. I am looking to collocate several of my fx based hft strategies in New York with a very capable fx aggregation platform but also look into US based equities trading based on economic news releases. I am a price taker and have successfully implemented similar solutions on currency pairs in The Asian time zone but look to expand to trade US news releases. The news feed must originate from one of the major news agencies and the feed must be released anywhere between Washington DC and NYC for latency purposes. Generally the news item of economic releases that the department of labor, for example, releases is prepared but quarantined until the dept actually releases their numbers. There have been couple changes enacted recently in order to prevent pre release leakages and I am looking for a solution that optimizes current news flow. ## Answer by chrisaycock (score 8, accepted) https://quant.stackexchange.com/a/7367 What you are looking for is generally called "machine-readable news". Here are the ones I know about off hand: - Dow Jones Elementized News Feed - Thompson Reuters News Feed Direct - Bloomberg Event-Driven Trading Feed - NASDAQ OMX Event-Driven Analytics Good luck getting reliable latency figures from any of those vendors though. ## Answer by Steve Severance (score 5) https://quant.stackexchange.com/a/7370 Since you mentioned economic number releases you may be interested in AlphaFlash. For trading economic releases they have a fiber that runs into the NY4 data center an supposedly shaves a couple of milliseconds off.
Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.