“It’s no secret that structured data is the future of Wall Street, and making decisions quickly is key,” said Kevin Evenhouse, NewsHedge founder and CEO.
Chicago, Illinois (PRWEB) November 22, 2015
NewsHedge.com, a Chicago-based startup developing new methods for delivering financial market information to professionals, announced today that it has been issued U.S. Patent No. 9,135,662. The patent, “Method And System For Communicating Financial News,” outlines methods pertaining to automated voice reporting, structuring customized news headlines, and graphically representing financial news on a user device.
“It’s no secret that structured data is the future of Wall Street, and making decisions quickly is key,” said Kevin Evenhouse, NewsHedge founder and CEO. “Our methods deliver structured data in the formats its been proven human beings react to fastest—visually and audibly.”
After extensive research and development, the NewsHedge team is excited to formally introduce its new media solutions to the world. NewsHedge believes its technology will soon become the standard used within many different types of financial applications. “Being awarded a patent is the ultimate validation for us,” said Evenhouse.
The recently issued patent, in general, covers three primary innovative methods:
Automated Voice Broadcasts: Using text-to-speech technologies, NewsHedge methods verbally reports breaking news, number releases, social trends, and notable trading events among thousands of other possibilities.
Customized Headlines: NewsHedge methods use a combination of data sources to automatically curate, populate, and form one simple, informative headline. (E.g., “XYZ Company Replaces CEO, Shares Active on News, Trending on Twitter” This sample depicts two additional sources of information: Original News Headline + Market Data + Social Data.)
Graphical News Data: NewsHedge methods visually represent news data as graphics. Data such as news type, source, ranking, sentiment, relevance, impact, novelty, and word count, among many other possibilities, are depicted using images or a combination of shapes, colors, numbers, and/or letters.
As financial data continues to grow and expand, NewsHedge’s patented methods will play a critical role in helping traders, buy-side analysts, and hedge fund managers discover and make sense of real-time information.
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Founded in 2012, NewsHedge is a Chicago-based FinTech development group that provides cost-effective, high-impact software solutions for the global financial community. NewsHedge is made up of traders, designers, developers, and marketers who are hyper-focused on pioneering new software that helps professionals better navigate financial news and market events.
NewsHedge is constantly seeking, evaluating, and engaging in licensing, joint venture, and strategic alliance opportunities. To learn more about NewsHedge products and solutions, visit http://www.newshedge.com or e-mail sales(at)newshedge.com.