Automated Detection of Financial Events in News Text

Today’s financial markets are inextricably linked with financial events like acquisitions, profit announcements, or product launches. Information extracted from news messages that report on such events could hence be beneficial for financial decision making. The ubiquity of news, however, makes manual analysis impossible, and due to the unstructured nature of text, the (semi-)automatic extraction and application of financial events remains a non-trivial task. Therefore, the studies composing this dissertation investigate 1) how to accurately identify financial events in news text, and 2) how to effectively use such extracted events in financial applications. Based on a detailed evaluation of current event extraction systems, this thesis presents a competitive, knowledge-driven, semi-automatic system for financial event extraction from text. A novel pattern language, which makes clever use of the system’s underlying knowledge base, allows for the definition of simple, yet expressive event extraction rules that can be applied to natural language texts. The system’s knowledge-driven internals remain synchronized with the latest market developments through the accompanying event-triggered update language for knowledge bases, enabling the definition of update rules. Additional research covered by this dissertation investigates the practical applicability of extracted events. In automated stock trading experiments, the best performing trading rules do not only make use of traditional numerical signals, but also employ news-based event signals. Moreover, when cleaning stock data from disruptions caused by financial events, financial risk analyses yield more accurate results. These results suggest that events detected in news can be used advantageously as supplementary parameters in financial applications

Semantic Web-Based Knowledge Acquisition Using Key Events from News

Abstract Hermes is an ontology-based framework for building news personalization services, which focuses on news classification and knowledge base updating. The framework also allows for news querying and result presentation. In this paper, we focus on the techniques involved in keeping Hermes' internal knowledge base up-to-date. Essentially, our semi-automatic approach to knowledge acquisition from news is based on ontologies and lexico-semantic patterns

Ontology population from web product information

With the vast amount of information available on the Web, there is an increasing need to structure Web data in order to make it accessible to both users and machines. E-commerce is one of the areas in which growing data congestion on the Web has serious consequences. This paper proposes a frame- work that is capable of populating a product ontology us- ing tabular product information from Web shops. By for- malizing product information in this way, better product comparison or recommendation applications could be built. Our approach employs both lexical and syntactic matching for mapping properties and instantiating values. The per- formed evaluation shows that instantiating consumer elec- Tronics from Best Buy and Newegg.com results in an F1 score of approximately 77%

News recommendation with CF-IDF+

Traditionally, content-based recommendation is performed using term occurrences, which are leveraged in the TF-IDF method. This method is the defacto s

Semantics-based information extraction for detecting economic events

As today's financial markets are sensitive to breaking news on economic events, accurate and timely automatic identification of events in news items is crucial. Unstructured news items originating from many heterogeneous sources have to be mined in order to extract knowledge useful for guiding decision making processes. Hence, we propose the Semantics-Based Pipeline for Economic Event Detection (SPEED), focusing on extracting financial events from news articles and annotating these with meta-data at a speed that enables real-time use. In our implementation, we use some components of an existing framework as well as new components, e.g., a high-performance Ontology Gazetteer, a Word Group Look-Up component, a Word Sense Disambiguator, and components for detecting economic events. Through their interaction with a domain-specific ontology, our novel, semantically enabled components constitute a feedback loop which fosters future reuse of acquired knowledge in the event detection process