I’ll never forget the day the New York Times put up its pay wall. They had been talking about it for months – in the light of waning subscription numbers, because of waning advertising dollars, they said, we have no choice but to ask you to pay for the news you read on your computer. I used the NYT as one of my go-to sources for news, along with a paper copy of the Washington Post I picked up every day on my way to work.
In the world of stock trading, over-the-counter (OTC) markets involve trades done directly between two parties instead of the more media-recognized methods of exchange trading that most laymen are familiar with. When a large independent OTC market maker, well known for handling extraordinary amounts of share volume on a day-to-day basis, found themselves needing news and other data to strike a balance between human and automated trading, they turned to NewsEdge Digital Delivery services.
When a hedge fund management company needed large quantities of news and other information for a data mining project, they quickly found that NewsEdge’s services fit their new needs. Blending their specialization in using artificial intelligence to drive new, exciting investment strategies with NewsEdge’s real-time processing and refinement capabilities was a natural match.