What if you could capture breaking news before it hit mainstream media or identify trends and sentiment in real time for trading decisions?
Finance Use Cases
Hedge funds, asset managers, banks, trading desks, research analysts, financial technology providers and more are among those leveraging Twitter data.
Hedge funds are successfully leveraging Twitter data to identify signals for their proprietary algorithms, enabling them to recognize trends and automate trades.
While analyst and media opinions have their place in the trading decisions, understanding Twitter data allows you to tap into general sentiment of the market in real time.
Providers of financial signals are incorporating Twitter data in their list of data sources which enables them to recognize and provide the signal to their customers in real time.
The news of Osama Bin Laden's raid broke on Twitter 20 minutes before breaking on mainstream media. It is clear that Twitter is a real-time newswire that can be leveraged for trading information.
Social Media and Financial Markets: A Coming of Age
For the first time in history, access to the observations, wisdom and emotional reactions of millions of people globally is available in real time. 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.