News Tweets Culled from Twitter for Investor Sentiment-Does It Make Sense?

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4 Oct 2013Gauging investor sentiment from tweets and other social media is receiving support from the trading and academic communities.

“Twitter is full of alpha-generating potential,” said Emmett Kilduff, CEO and founder of Eagle Alpha, whose product Social Sonar, channels Twitter-based intelligence on stocks and global macro topics. “Currently this potential is masked by excessive white noise, inefficiencies in accessing relevant tweets and compliance concerns. Investors leverage our information and data to help give them more conviction on an investment but also for unique insight they wouldn’t ordinarily find.”

Social Sonar is available to market participants seeking an investment edge, including the buy-side, sell-side, corporates and retail investors.

With 500 million tweets, 200 million tweeters and 135,000 new users each day, it is becoming increasingly difficult to unearth relevant data. Eagle Alpha rectifies this by enabling users to access validated pre-built and bespoke lists.

“From game-changing CEO opinions to instant reaction around key financial news and company reporting, Social Sonar is an essential addition to the run of the mill industry newswire services and gagged sell-side analysts,” said James MacLachlan, senior trader at CF Global Trading, a provider of institutional trading services in the global equity and credit markets.  KEEP READING AT MARKETSMEDIA