Hello, I have developed a corporate news wire application that reads news wires from PRNewsWire, BusinessWire, Market Wire and GlobeNewsWire. The system parses EPS, Sales, Net Income and Free cash flow and compares them automatically to the Thomson Reuters Analyst Estimate calculating the Earning Surprise etc. The system reads and parses news wires within 3 seconds of the release time. It also calculates the correlation to past earnings surprises and generates a recommended buy or sell signal. I currently just use the system to trade successfully myself but was thinking that if there was enough interest I would make it public. What is everyone's thoughts on such a product?
Nice. But 3 seconds is not fast enough. The idea of numbers trading is be faster than others. I know systems that does this at millisecond scale (i.e. CL inventory number release from our good ol' gov).
Hey Mick, I am already doing Economic data in milliseconds. Within a week i hope to have the Earnings down to around a second. In my trading to date 3 seconds has still had me into trades before everyone else. Daniel
I forgot to mention that it also parses out Company Guidance figures for EPS and Sales comparing both to Analyst Estimates.