As blog postings and other content about stocks, market sectors, products and company actions permeate the Internet, time-pressed portfolio managers, traders and research analysts are finding it harder and harder to keep pace. But a new generation of research providers is working to change that with algorithms and pattern-matching technology that aggregates and analyzes a seemingly impenetrable body of information.
"In a market where prices are changing all the time, the person who has the best information about any event that might impact a trading price has an advantage--and that includes unstructured data that has been filtered for quality, reliability and relevance," says Patricia McGinnis, research director with IDC affiliate Financial Insights and co-author of a June report on the subject.
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