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You can get dow jones direct or from esignal for about $100 a month. They have numerous examples on their site about how they beat bloomberg and reuters. www.djnewswires.com
I use Newswatch from Newsware.com for $165/mth. I could get dj broadtape news from esignal for less, as mentioned above, but this software and delivery options are much more flexible. I don't collect news as much as check a stock immediately as I've made a trade in it to make sure the breakout volatility I'm going after isn't due to 'just breaking' news on it.
We have Dowjones newswire and Thomson Reuters one platform. Dowjones is the fastest i have seen, but wish it was a desktop application.
What is the purpose of these news services in terms of trading? There are a few other threads relating to news as follows: http://www.elitetrader.com/vb/showthread.php?threadid=126645 http://www.elitetrader.com/vb/showthread.php?s=&threadid=118611
It can be rough buying a stock that's suddenly cheap based on value only to discover too late that news had hit the tape that their ceo or auditors just resigned, or their promising drug trial was cancelled, or they are being sued for patent infringement on their main product, or an unfavorable court verdict was just rendered, or they just revised their earnings downward, or its just been announced they are under investigation by the SEC. And if the news is really bad, there might not even be a chance to get out before a stock's trading is halted, only to gap open later that day or the next.
Thanks for the answer, Aisone . So, it means that these news can give live updated news on the financial (stock, mutual funds etc.)
Theoretically with realtime feeds you basically see the news as fast as anyone else on the trading floors or desks upstairs. There are always some people who seem to know before it hits the news 'wires' though, so instincts with suspicious trading activity can go a long ways as well. I don't read news feeds tho as much as I do a quick lookup as soon as or before I take a new position in a volatile stock. It always pisses me off when companies release quarterly news earnings in the middle of the trading session and not after the close. No clue why they do that. Not all news items for a company create volatility of course, but its the volatility that is created by instantly breaking news that can be the most dangerous (or opportunistic, depending how a particular trader looks at it.)