A false headline costs more than a slow one.
A wrong headline is not a neutral event. It moves the market, then unwinds when it is corrected, and anyone who traded it is caught on both legs. The News feed marks every headline by how far it is confirmed: Confirmed when two or more wires agree, Developing while only one has it. Filter to Confirmed and it is deliberately slower than a raw feed, and the trade is on the page rather than in the small print.
The trade-off
Both choices cost something.
A raw fast wire
- What you get
- The headline the instant it exists. If you are trading the first ten seconds of a print, nothing else will do, and this is not that.
- What it costs
- Every false or misquoted headline arrives at the same speed as the true ones, and it is on your screen before anyone knows which it was.
A corroborated wire
- What you get
- A headline that has been seen in more than one place, marked Confirmed, so what you act on is far more likely to still be true in an hour.
- What it costs
- Time. Waiting for a second source is slower than not waiting, always, and a story that only one outlet has stays marked Developing until somebody else has it too.
If being first in the ten seconds after a release is the edge, a raw wire is the right tool and this is not it. That is worth saying plainly rather than discovering after paying.
Depth
Speed, or confidence.
The panels
Where the news sits.
- News feed. The wire: headlines as they land, each marked Official, Confirmed (two or more wires agreeing) or Developing (a single wire, not yet cross-checked), graded for impact and tagged to the currencies it touches. Filter to Confirmed for the slower, safer wire. Its other reads group the headlines into stories and show which currencies the news is moving. Free.
- Briefings. The written briefings in one panel: today's need-to-know with its watch items, the EU or US session report in full, the week's editorial and theme, and the weekly report with its pair ideas. Free.
- News sentiment. How the news about one asset reads, bullish, neutral or bearish, over the last 24 hours and day by day, with price alongside. Pro.
- Analyst videos. The daily video desk with the written summary and the takeaways beside it, so it can be read rather than watched when there is no time. Free.
- Live TV. A live news channel inside a panel, for the days when the press conference matters more than the headline. Free.
- Squawk. The members room, opened from the top bar, so a reaction does not require a second window.
The newswire, answered.
What does corroborated mean here?
Every headline in the News feed carries how far it is confirmed. Official is a primary source. Confirmed means two or more wires agree. Developing is a single wire, not yet cross-checked, and says so. Filter to Official and Confirmed and nothing single-sourced reaches you. The method is the point rather than the supplier list, which is why the sources are not named.
Does that make it slower?
Yes, and there is no way around it. Waiting for a second source is slower than not waiting, so a headline reaches Confirmed later than it appears as Developing. If your edge is being first in the ten seconds after a release, a raw wire is the right tool and this is not it. This is for the trader who would rather not act on a headline that unwinds an hour later.
Why does a false headline matter so much?
Because it is not a neutral event. A wrong headline moves the market, then unwinds when it is corrected, so anyone who acted on it is caught on both legs. The cost of one of those is usually larger than the benefit of being thirty seconds early on the true ones.
What does the Stories read show?
The headlines grouped into the stories they belong to, so twenty lines on one event read as one event. The By asset read shows which currencies the news is moving. Impact is graded separately from how well a story is confirmed, so a lightly sourced headline can still be marked as a market mover.
Are the briefings written or generated?
They are produced by the terminal from what it is reading across the desks, the data and the wire, and written as a read rather than as a list of headlines. Briefings carries today's need-to-know, the session report, the week's editorial and theme, and the weekly report with its pair ideas.
What is free?
News feed, Briefings, Analyst videos and Live TV are all on the free plan, which carries 15 of the 49 panels on 2 boards of your own. News sentiment is Pro, at $49 a month, and every new account starts with 14 days of Pro with no card.