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’Anatomy of a QE2 ‘consensus’
It’s fair to say that forecasts for last week’s anticipated QE2 announcement were far more wide-ranging than usual, at least when compared with more conventional central bank or economic data announcements.
[MoneyTech] Rise of the news-reading machines
From the FT — some giant leaps for robot-kind in the world of trading:
The arms race in trading technology is set to intensify this week as Thomson Reuters, the news and market data company, on Monday unveils a service for “high-frequency” traders allowing them to make split-second trading decisions based on news articles “before the information moves the market” .
Citi sells its electronic FX platform
There’s been some consolidation in the world of FX electronic trading platforms on Monday.
According to a statement released by foreign-exchange platform FXall, Citigroup has reached an agreement with the company to sell it its LavaFX foreign-exchange electronic trading platform for an undisclosed sum.
ReuPOV? Or how Reuters hopes to avoid mashing news and views
Okay, this is conjecture. The opinions expressed here belong to the author and not to the Financial Times. Reader beware, etc. Check your own facts…
The real reason Thomson Reuters has just agreed to shell out £12m to acquire Breakingviews,
Bloomberg to buy Business Week
Bloomberg, the financial information company, on Tuesday won the auction for Business Week with an offer between $2m and $5m for the US financial magazine. The deal to buy the journal from McGraw-Hill came as Thomson Reuters,
RTRS-THOMSON REUTERS PLC SAYS EPS $0.40
Get this. A solid set of Q1 figures from Thomson Reuters, released on Thursday early afternoon London time, pushed the shares convincingly above £19.
The stock is now higher than Reuters (pre-merger) traded at the height of the greatest financial markets boom in history – a couple of years back,
All Reuters needs now is a name
Navel-gazing time now on FT Alphaville.
Rattled by the growth of the online financial commentariat – see expansion plans at the WSJ’s Heard on the Street column, Breaking Views, the FT’s influential Lex column and (cough) this humble blog – Thomson Reuters is launching its own opinion service this summer.
Don’t trust the data
Still blaming analysts for being inaccurate, slow or incapable or predicting anything remotely of use? Pah, so 2008.
Blame the data instead.
The American Finance Association has a very interesting paper on the subject,
Earnings highlight disparities at Thomson Reuters
News from Thomson Reuters that growth in its financial data division had slowed but that it would still hit its growth and savings targets on Tues highlighted the transatlantic disparities in the share price of the dual-listed group.
Confused debut for Thomson Reuters
For a business that makes its money from supplying financial data, Thomson Reuters could not have got off to a more unfortunate start, as the company was forced to disavow the information on its customers’ screens about its own share price.
Thomson Reuters debuts amid jitters
Thomson Reuters Corp debuted on Thursday as a global information company, hoping a portfolio of products from financial to legal and health-care will help it ride out a financial industry downturn, reports Reuters.