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Financial information extraction using pre-defined and user-definable templates in the Lolita system

Financial operators have today access to an extremely large amount of data, both quantitative and qualitative, real-time or historical and can use this information to support their decision-making process. Quantitative data are largely processed by automatic computer programs, often based on artificial intelligence techniques, that produce quantitative analysis, such as historical price analysis or technical analysis of price behaviour. Differently, little progress has been made in the processing of qualitative data, which mainly consists of financial news articles from financial newspapers or on-line news providers. As a result the financial market players are overloaded with qualitative information which is potentially extremely useful but, due to the lack of time, is often ignored. The goal of this work is to reduce the qualitative data-overload of the financial operators. The research involves the identification of the information in the source financial articles which is relevant for the financial operators' investment decision making process and to implement the associated templates in the LOLITA system. The system should process a large number of source articles and extract specific templates according to the relevant information located in the source articles. The project also involves the design and implementation in LOLITA of a user- definable template interface for allowing the users to easily design new templates using sentences in natural language. This allows user-defined information extraction from source texts. This differs from most of existing information extraction systems which require the developers to code the templates directly in the system. The results of the research have shown that the system performed well in the extraction of financial templates from source articles which would allow the financial operator to reduce his qualitative data-overload. The results have also shown that the user-definable template interface is a viable approach to user-defined information extraction. A trade-off has been identified between the ease of use of the user-definable template interface and the loss of performance compared to hand- coded templates.

Identiferoai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:241766
Date January 1997
CreatorsConstantino, Marco
PublisherDurham University
Source SetsEthos UK
Detected LanguageEnglish
TypeElectronic Thesis or Dissertation
Sourcehttp://etheses.dur.ac.uk/5030/

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