New York, October 3, 2016
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 award-winning 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.
“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” said Armando Gonzalez, CEO of RavenPack. “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.”
“Investors and traders need big data analytics based on timely, pertinent and consistent content in order to make good investment and trading decisions,” said The Fly President, Ron Etergino. “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.”
RavenPack is the leading provider of real-time news analysis services. Businesses rely on RavenPack for its speed and accuracy in analyzing millions of news articles and social media posts and transforming them into real-time actionable data to help generate better returns, manage risk, or improve efficiency by systematically incorporating the effects of news in their business processes. The company's clients include some of the best performing quantitative investment firms, banks and financial technology providers in the world.
About The Fly
The Fly is a leading digital publisher of real-time financial news. The Fly's financial market experts understand that news impacting stock prices can originate from anywhere, at any time. The Fly team scours all sources of company news, from mainstream to cutting-edge, then filters out the noise to deliver short-form stories consisting of only market moving content. The Fly has been serving professional and individual investors worldwide since being founded in 1998. The Fly is headquartered in Summit, New Jersey, with additional offices in New York and Argentina.
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