Refinitiv announced this Wednesday that it has struck up a strategic agreement with Trading Central, which will see both Refinitiv and Reuters provide resources to TC Market Buzz, a news curation application for Wealth Management firms.
Under the agreement, Refinitiv will provide its analytics capabilities, and Reuters its digital news, to bolster the news portal. TC Market Buzz aims to help modernise digital investor portals.
With the addition of Reuters news, TC Market Buzz will be able to provide retail traders and investors with more information, allowing them to make informed decisions. According to the statement from Refinitiv today, the deal will see the news portal offer both applications and components so that investors can have a holistic view of the performance of securities – such as fundamental, economic, technical and sentiment analysis.
Refinitiv: we are pleased to serve the wealth management industry
Commenting on the partnership, Joe Mrak, Global Head of Wealth Management at Refinitiv, said in the statement: “We’re pleased to be able to serve the Wealth Management industry’s need for reliable and consolidated news and analytics.
“TC Market Buzz’s innovative natural language algorithms cut through all of the news clutter and provide great insight for investors looking to keep abreast of critical market drivers in a digestible and easily accessed format. Our agreement with Trading Central will facilitate that.”
Refinitiv will deliver is news and analytics services to Trading Central via Refinitiv Knowledge Direct API, the company said in its statement today.
“Through the power of Artificial Intelligence, TC Market Buzz helps traders read less but know more,” added Jerome Favresse, Managing Director at Trading Central Lab in the statement.
“With the addition of Reuters news via Refinitiv Knowledge Direct API, we will be able to meet the demands of our highly sophisticated global customers, for example surfacing user-relevant and fact-checked stories on buzzing topics, in all the languages we cover”.
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