Yukka Lab launches market sentiment analysis solution, News & Trend Lab
Yukka Lab has unveiled its News & Trend Lab, which gives investors and traders an organised and efficient way to view and manage financial news in real-time, reports David Penn at Finovate. The News & Trend Lab aggregates search and filter options in a single location, pulling relevant and personalised data from the real-time stream of more than 200,000 articles a day from more than 20,000 global news and information sources.
The offering also turns market sentiment into compelling visualisations within an intuitive, cockpit-like UI that makes it easy to absorb complex data on companies, market behavior, and other financial factors, the vendor says.
There are two components of Yukka’s News & Trend Lab. The News Lab presents market events, stakeholders and interrelationships, and sentiment data. The Trend Lab builds trends indicators and trading signals based on financial modeling of sentiment data.
News & Trend Lab also features News Boards of aggregated newsflow, and market sentiment information; News Networks to better view relationships between events, trends, and companies; a variety of search and filter options; and an early warning system to help investors and traders spot emergent themes and shifts in existing trends in the markets. Yukka is charging €299 ($369) a month for News Lab, €439 per month ($542) for Trend Lab, and €549 ($678) for both. Extended packages and API solutions are also available.
Headquartered in Berlin, Germany, Yukka features a client list that includes Consors Bank, UBS, and Belvoir Capital. It focuses on augmented language intelligence and context-based text analysis, and leverages these technologies to determine the positive, negative, or neutral sentiments within textual data such as financial news. The result is a rational, emotion-free recommendation engine for investors and traders.