Hammerstone Markets

Steven McCarthy sat rooted in his chair, his eyes darting between multiple computer screens, fishing for credible stock market updates. As a Wall Street trader, he knows that in the sea of online information, only some are actionable and relies on traditional news outlets to verify the relevance. Though highly credible, these outlets have an extensive editorial process and by the time the articles are published, they are often outdated and inconsequential for traders like Mr. McCarthy.

This is where Hammerstone Markets steps in and leverages its extensive Wall Street experience to analyze headlines and offer real-time relevant information crucial for US equity-focused traders. Its timely updates ensure that traders can act swiftly on market-moving news and make a difference in high-stakes environments.

Hammerstone Markets is a financial information (Fintech/SaaS) service provider serving Wall Street since 2001, with a team of former market analysts, buy-side and sell-side traders, portfolio managers, and market intelligence professionals, who provide the latest curated news headlines along with their context for a particular stock or the market as a whole. It specializes in giving historical context and background details of how similar events may have affected the trading sector in the past, or how the news pertaining to one company may affect others.

“In addition to the team’s 200-plus years of market experience, we’ve built an extensive database of information that enables us to quickly verify the credibility and relevance of all the information floating on the internet and eliminate unnecessary clutter for our clients, put simply, we quickly connect the dots that allow our subscribers to make faster and better-informed trading decisions,” says Gavin von Loeser, CEO of Hammerstone Markets.

The company’s product is a user-friendly application with multiple custom color and functionality options designed to blend seamlessly into a typical trader’s desktop landscape.

The app offers a streaming and scrolling news summary that delivers up-to-the-second headlines and relevant context. It also comes with a robust alert system, allowing users to create filters to bring the most important headlines to their attention in various ways- via email, desktop pop-ups or mobile notification alerts. The digital squawk reads out filtered headlines of interest through the subscriber’s computer.

The tool also has a chat function available for clients with compliance approval. Clients can access this feature through additional onboarding steps that allow them to engage in discussions, ask questions, share insights or even post links to relevant articles within the scrolling news service.

The company’s clients are primarily institutional traders which includes some of the largest buy-side and sell-side trading firms across Wall Street. Some of its clients also consist of retired traders managing their own money. It currently covers almost 200 institutions on Wall Street and serves about 1800 individual users.

The impact of timely delivering relevant news was exemplified in a recent case study involving a biotech deal. The company identified valuable trading information from a trusted Twitter account it follows. This information was traced back to a Financial Times link and presented to its traders. The headline posted by Hammerstone Markets appeared 15 minutes before Reuters, Bloomberg and other outlets picked up the story. For seven minutes following the post, the biotech company's shares traded around $132.50 (in-line, on the day), giving traders and sales traders enough time to make decisions or alert clients before the shares started trading higher by several percentage points.

With an exceptional track record, the company has recently launched a new API-capable service that caters to quantitative or statistical arbitrage funds and systematic trading platforms. The service is delivered via a timestamped (point-in-time) API that is also meta-tagged, allowing for easy mapping to any systematic trading platform.

Hammerstone Markets’ current endeavors and future plans stand as an example of the power of delivering timely, relevant and actionable information in the world of finance. Its user-friendly application has already transformed how traders interact with financial news. The company continues to break new ground with its recent launches and proves to be an indispensable partner for traders navigating the fast-paced market environment.