Know What The Market Is Thinking In Real Time
Hedge funds, asset managers, banks, trading desks, research analysts and financial technology providers are among those leveraging social data in different ways. Social data in the financial world is used to capture breaking news, to identify trends and sentiment among other uses. Gnip offers several social data sources that are incredibly important to the financial industry - most of them exclusively.
Many hedge funds are successfully leveraging social data to identify signals for their proprietary algorithms which allow them to recognize trends in realtime and automate trades.
While analyst and media opinions have their place in the trading decisions, understanding the market sentiment through social media can allow you to tap into whether the marketing is going to be up or down based on general sentiment.
Providers of financial signals are incorporating social data in their list of data sources which enables them to recognize and provide the signal to their customers all in realtime.
The news of Osama Bin Laden's raid broke on Twitter 20 minutes before the mainstream media picked it up. It is clear that social media is a realtime newswire which can be harnessed for information to trade on.
Did You Know?
There are over 30,000 StockTwits messages a day, all about US and CAN equities, and Estimize has estimates from experts on 900 different equities.
In April, 2013, the SEC announced that companies can use social media outlets to announce key information in compliance with Regulation Fair Disclosure.
On Twitter using the stock symbol of a company with the dollar sign in front is called a "cashtag" and it works like a normal hashtag. These make great terms to monitor.
Social Media and Markets: The New Frontier
For the first time in history, access to the observations, wisdom and emotional reactions of millions of people globally is available in realtime. Social media data represents a collective barometer of thoughts and ideas touching every aspect of the world. As social platforms increasingly become a primary means of communication for our age, asset managers, equity analysts and high frequency traders are incorporating leading indicator data from these platforms into investment decisions as a means to create alpha.
Sources for Finance
Twitter is the leading source of realtime news, customer sentiment, and company released data for use in the financial sector.
Known as the online "voice of the pit," StockTwits is a standalone microblog service focused on the financial markets.
Estimize is a financial estimates platform with estimates from expert independent, buy-side, and sell-side financial analysts.
When breaking news is critical the 1.5 million news article per day NewsGator provides can create the signal you're looking for.
By providing a complete and reliable stream of Twitter data, Gnip is playing a critical role in helping the Library of Congress build a stable, sustainable archive for future generations.
We depend on the reliable and complete data we get from Gnip to create the models, research and signal that we provide our clients.
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