NEW YORK--(BUSINESS WIRE)--Business Wire today announced that its innovative market analytics tool, the Market Impact Report, will now be available in the Canadian market, compatible with companies listed on the Toronto Stock Exchange and TSX Venture Exchange.
In exclusive partnership with News Quantified, Business Wire's Market Impact Report provides a composite analytical portrait of 27 key equity variables, including value, volume, and volatility, as they relate to news release dissemination. The easily-shared report enables investor relations practitioners to compare current market movement in their company to that of their peers.
“Business Wire is extremely excited to build-upon the Market Impact Report’s success by adding Canadian equities data to the platform. We look forward to serving the over 2,200 issuers listed on The Toronto Stock Exchange and more than 2,000 issuers listed on the TSX Venture Exchange, many of whom do not have access to sophisticated Canadian market data,” said Michael Becker, Executive Vice President, International Business Strategy, Business Wire. “Enabling our Canadian clients to achieve a deeper understanding of how and why their stock moves on release day and beyond aligns with our mission of bringing innovative investor relations services to top-tier markets like Canada,” added Becker.
The Market Impact Report will also analyze cross-border stock performance from multiple exchanges, allowing US and Canadian publicly-listed companies to compare their data with that of peers listed throughout North America.
"We're thrilled to expand our successful partnership with Business Wire geographically,” said Oliver Schmalholz, Co-Founder & CEO of News Quantified. “Since the launch of the Market Impact Report at NIRI's Annual Conference in 2015, IR professionals have been able to quantify the impact of their press release on their stock without having to do any manual copy and pasting from various sources."
How does the Market Impact Report function
Communications metrics within the Market Impact Report provide the ability to analyze a direct relationship between the disclosure of a corporate action announcement and subsequent stock activity. This analytics report facilitates access to data attributing tangible ROI to communications management for US publicly traded companies listed on the NYSE, NASDAQ, OTC, and now for Canadian companies listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange. Comparative benchmarks that are incorporated into the data analysis include issuer performance versus three self-selected peer companies, as well as activity levels on non-news issue days.
Additional features include a breakdown of trading by exchange, insights into block share trading, and time-stamped media monitoring for 72 hours following the event. By knowing the quantity of shares traded, where they are traded, the rate at which they are traded, and subsequently what market participants are saying on event day provides investor relations practitioners with the ability to shape messaging into clear, understandable statements for stakeholder consumption.
About Business Wire:
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire to accurately distribute market-moving news and multimedia, host online newsrooms and IR websites, build content marketing platforms, generate social engagements and provide audience analysis that improves interaction with specified target markets. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented simultaneous NX Network. Business Wire has 29 offices worldwide to securely meet the varying needs of communications professionals and news consumers. In 2015, Business Wire teamed up with Al Roker Entertainment to create BizWireTV, a bi-weekly digital video news program that features the top trending news releases that cross the wire.
Learn more at services.BusinessWire.com and Tempo, the Business Wire resource for industry trends; follow updates on Twitter: @businesswire or on Facebook.
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About News Quantified
News Quantified (www.newsquantified.com) is a platform that seamlessly integrates breaking news events with the corresponding market data, delivering instant access to vital information — all in one place. Catering to a user base including financial professionals, corporate officers, market portals and business publishers, News Quantified analyzes major U.S. news feeds and regulatory filings in real time, covering all U.S.-listed stocks. With over 100 metrics assessed, the solution offers unmatched access to the most detailed news analytics in the industry through custom reports, dashboards, a historical database and direct API integration. The platform provides users with a deep analysis of how and why a stock is moving at any given time, and helps them forecast equities’ reaction to anticipated events. In doing this, News Quantified eliminates the past separation between news and market data.
