Selerity, a provider of real-time event data, is expanding its corporate earnings data package with preannouncement data. The vendor is also looking to expand its coverage to include more international events, which would include pre-earnings events.

Earnings announcements are now standard parts of market data fees. Monday, a provider of real – time data said it would start making pre-annnouncements of earnings part of its feed to securities traders.

"Low-latency event data vendor Selerity has added earnings pre-announcements to its machine-readable data for trading and risk management, in addition to its existing coverage of corporate earnings and sales figures and macroeconomic indicators."

"Following the May hire of global head of sales Jeff Otten and the rounding out of content for its initial launch version, Selerity Corp. is reporting keen interest from proprietary trading shops and banks’ internal prop desks for its real-time event data service. The New York-based company went live with version 1.0 of the Selerity Platform in March, and is targeting the high frequency trading space with a machine-readable feed of factor data."

"Selerity, a provider of real-time event data, plans to expand the types of events data on its new platform. Event data refers to market-moving data, such as sales data, financial statements, and stock prices that is processed in conjunction with events such as company earnings releases or government regulation. The vendor will look to expand its coverage to include more international events, among others."

"Selerity, a US-based market data company, on Monday appointed Jeffrey Otten to the new position of head of global sales in a sign of the growth of so-called 'machine-readable news' – computer analysis of news articles for traders. The appointment would 'help Selerity meet the growing demand from investment firms for ultra-low-latency, market-moving event data that allows traders to make better investment decisions and manage risk', the company said."

"In a time when news outlets are being pulled toward in-depth analysis and commentary, I still feel a sentimental attachment to the "old" world of breaking news. I'm not the only one: Although news aggregators have made it harder for news sources to hang on to their proprietary value, algorithmic traders are recognizing that the next step beyond training their trading engines to act on historic trends in price movements is being able to act on the market-moving events that prompt those price changes. So news feeds tagged for use in algo trading models, once considered esoteric, are seeing increased take-up by those looking for a competitive edge."

"How does news become actionable information, in a split second? The software tools that convert news into machine-readable data put numbers on, among other things, sentiments about companies mentioned in news stories and quick assessments on how the news will affect the firms’ prospects in the markets they operate in. This gives traders quantifiable values on which they can make better and often instantaneous decisions."

"We make a big deal about speed and latency these days, but it's worth remembering the adage that power is nothing without control-and specifically, in capital markets, speed is nothing without the best data and smartest strategies behind it to give you a head-start over everyone else with similar speed credentials."

"Selerity, a start-up run by Thomson Reuters' former director of quantitative news and other former Thomson executives, will this week unveil version 1.0 of the Selerity Platform, a suite of tools and data for identifying, capturing and analyzing real-time news and events for use as inputs into algorithmic trading strategies."