MEDIA: Dow launches equity wire

Dow Jones Newswires this week launched a service aimed at financial PROs, banks and investment houses. Dow Jones NewsPlus Global Equities is available on-screen, via providers such as Reuters and Bloomberg, or online.

The London-based operation is overseen by newly appointed assistant news editor Steve McGrath, who has three journalists reporting to him.

'The most important element is to have experienced reporters who can make decisions about, say, the top story in Europe at 11.17am,' said director of international product marketing Simon Rodda.

Reports will be updated in real time. The service runs with existing Dow Jones product Financial Wire, and targets those working in London in the global equities market.

Rodda said: 'Our news is actionable, by which we mean users do something with it, to make money for their employers, which justifies the subscription.' He added that NewsPlus Global Equities will also highlight Dow Jones analysis and commentary pieces. 'People want ideas to pitch: what are the hot stories of the day and what do they mean?' he said.

The service will help subscribers get an overview on the markets, according to Rodda. 'We're a global news operation producing 10,000 news stories a day. If you're following one sector, such as car-making, you can use your terminal to pick out stories that match your profile.

'But you're also selling the market to your clients, who may ring and ask: "What's going on in the market?". This (product) gives you all the main news stories from the currencies and bond markets.'

The new package also contains a search function, called Company View.

Rodda said: 'It will try to set breaking news in context. If a company pops up in the news for some reason, brokers and dealers who are selling the market want to know how this fits into what is happening.'

Dow Jones already runs a similar service for the North American equities markets, and plans one for Asian regions next year.

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