Ascenion’s portfolio company Clueda AG brings its first big data analysis tool to the stock exchange market, together with its strategic partner Baader Bank. ‘clueda.trader’ will support traders of Baader Bank to filter relevant information from news streams and compress redundant information. The tool has been developed by Baader Bank and Clueda within the joint project ‘Real-time News Analytics’. ‘By this, traders will have an increased chance to quickly identify the truly relevant information for decisions on markets and investments.’, explains Dr Volker Stümpflen, founder of Clueda AG.
The method of operation of the analysis tool has its origins in systems biology – unique algorithms screen, structure and analyse vast amounts of data from varied sources to reveal relevant relationships real-time that otherwise cannot be identified in the data flood.
By introducing an appropriate app Clueda’s know how will also be available to other participants in the market. On September 24 and 25, 2013, the project ‘News Analytics’, nominated as ‘Best Big Data Project’, will be presented at the Computerwoche-congress ‘Best in Big Data’ in Frankfurt.
Clueda AG is a spin-off from the Institute of Bioinformatics and Systems Biology of the Helmholtz Zentrum München.
More information:
<link http: www.clueda.com en _blank external-link-new-window>Clueda AG
<link http: www.clueda.com en unternehmen news _blank external-link-new-window>Press Release
