Thomson Reuters Adds Social Media Sentiment Tool

Courtesy of James Armstrong at Traders Mag..

Thomson Reuters announced today it is adding a new social media sentiment analysis feed to its machine-readable news product. The service, which already gives users access to news from Reuters and about 50 third-party services, will now provide information from up to 50,000 news sites and four million social media sites.

Known as Thomson Reuters News Analytics, the company’s newsfeed service has long provided information to quantitative trading firms and other financial companies. The data can be plugged directly into computers for analysis of short-term and medium-term trades.The new capability will mine social media and blog content to deliver digestible analytics on selected companies and market segments. Click TM’s logo to read the full story: