Really? Well I was thinking about trying it. I think I can check a free trial and see how bad things are.
Platform with good news updates
- Thread starter Pluralsight
- Start date
Really? Well I was thinking about trying it. I think I can check a free trial and see how bad things are.
I'm not aware of this, can you give me a link?
If you are looking at this from the point of view of being informed and for fundamental investments (as opposed to quickly trading on the news):
Interactive Brokers' TWS does offer live feed of news. They seem to have the full reuters feed (and come earnings time I usually see it slightly ahead of CNBC). It's pretty tiresome to try to filter it (usually just keyword). And the view is no where near as polished as an Eikon Terminal.
Also the fundamentals given are *very* limited. It has all your basics/popular covered but no customisations for bespoke formulas nor any of the more 'interesting' figures. I think it offers about 200 fields vs. Eikon's
Up from this is the suggestion of Money.net. I've tried this in the early days when it came out and did not see it being any better than IB. Not sure if it's improved but their adverts do not suggest it has improved in the fundamental areas, and still does not hold a candle to Eikon.
Eikon (Metastock Xenith) is the next solution, and for about 150$ you will have lots of news (Reuters) as well as lots of fundamental data points presented. It's quite powerful. However, a lot of the apps included do not work (only for full Eikon customers) and it can get frustrating as they tend to remove apps and not tell you nor explain it to you when you ask why it does not work today. (I once went dow a 3 month debug session to finally be told they pulled support for it for Metasotck customers). As for the raw data/news, a lot of it can be obtained from IB or for free online. So Metastock Xenith is great as a platform to view the data, even if the data is often available free elsewhere.
Funny story, they hide the details on analyst reviews on companies (only give the summary do not give who did what when). However, you can go to IB or Yahoo and see it for free.
After this, the only other fundamental platform I know of is Bloomberg.
So, in summary, the tools out there geared towards Fundamental Analysis and News for investors (as opposed to fast/daily traders) that I know of are:
IB's TWS
Money.Net
Reuters Eikon (or Metastock Xenith)
Bloomberg
If anyone knows anything else, please share
Thanks for the detailed reply. How limited is the IB Reuters feed in contrast to Eikon?
Also, given I can have live data directly from IB and so only looking for a good news feed, is metastock Xenith worth it?
You get headlines as alerts before the story is written on eikon. I think you just get stories on ibis.
Again the search features in xenith are good, the feed itself is horribly limited. It is definitely NOT a premium feed such as IFR or the full DJ GI feed.
For $150 a month with no contract it is worth trying. $99 a month for fx data and news.
I tried it hence I can ascertain that most users will be disappointed with the quality of the news feed. And it's upsetting that the vast majority of functions in xenith are disabled that are available in the full Eikon version. I don't mind paying up for extra content but that option does not even exist. It really only suits the most basic users. The Reuters news feed in Xenith is available for free in IB's IBIS and elsewhere. The frustrating thing is that the base functionality in Xenith is identical to the full Eikon version but all the data sources and news feeds and other functions are not available nor addable, not even for extra pay. So you have all the filtering capabilities and charting options and volatility visualization tools and pricers but they are worthless without quality underlying data.