Prime-of-prime brokerage CFH Clearing has added news sentiment data tools and an enhanced multi-asset newsfeed to its platforms, delivered through news technology company, Acuity. The news and data, provided by Acuity in partnership with Dow Jones, covers up to 2,500 markets including currencies, indices, commodities and stocks.
The service uses machine learning technology to reveal hidden insights from the text of millions of news articles, informing users through visualisations how positive the world is towards their favourite instruments, the firm says. Whether traders use news sentiment to build their trading strategy or combine it with their current strategy, news sentiment can help all types of traders by freeing them from reading a range of information sources and providing an aggregated sentiment of the world’s financial media.
Paul Groves, head of European sales at CFH Clearing, says, “The addition of Acuity will add further value to clients and provide invaluable information in a very clear and visual way, helping them to make informed trading decisions based on real-time data.”
Andrew Lane, CEO of Acuity adds, “The combination of Acuity’s news sentiment data and professional news from Dow Jones will offer a great trading experience for their clients in both English and Chinese languages.”