01 March 2017
Visit EBAday.com

Thomson Reuters launches social media sentiment analysis service

07 March 2012  |  9505 views  |  0 Dealing Room

Thomson Reuters is adding information and sentiment analysis from social media sites and blogs to its machine-readable news service.

Aimed at high-frequency traders, Thomson Reuters News Analytics scours and interprets information from around 50,000 news sites and four million social media sites.

Blogs, social-networking and commentary sites have gained huge influence in financial markets in recent years, while 35% of quantitative firms are using some kind of machine readable newsfeed, up from two per cent just three years ago, according to Aite Group.

The new service provides users with analytics such as sentiment, relevance and novelty indicators that capture market opinion for algorithmic trading systems and risk management, helping them to quickly sift through the noise and better interpret the waves of online data.

Using information delivered by Moreover Technologies, an aggregator of global news and social media, the Thomson Reuters News Analytics software is available as a deployed offering or can be hosted in Elektron.

Data can be aggregated at the stock, sector, market, and country levels to track sentiment on desired parameters. Customers have the ability to filter the available content to hone in on specific information sources they want to target and tap analytic tools to spot trends and anomalies.

Rich Brown, head, quantitative and event driven trading solutions, Thomson Reuters, says: "This launch will give investors additional capabilities to gauge stock, sector, and market sentiment, and to translate these emerging sources of market insight into data that can be incorporated into both quantitative strategies and as a way to provide a broader context to human analysts."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

WallStreetBirds taps Twitter data for stock tips

WallStreetBirds taps Twitter data for stock tips

08 August 2011  |  8586 views  |  2 comments
Twitter-based hedge fund launches

Twitter-based hedge fund launches

18 May 2011  |  10551 views  |  1 comments
Machine-readable OTC derivatives contracts move a step closer

Machine-readable OTC derivatives contracts move a step closer

11 April 2011  |  11383 views  |  1 comments
Bloomberg adds trending metrics to machine-readable news service

Bloomberg adds trending metrics to machine-readable news service

19 February 2010  |  9289 views  |  0 comments
Thomson Reuters woos algo traders with machine-readable company events

Thomson Reuters woos algo traders with machine-readable company events

01 December 2009  |  9341 views  |  0 comments
Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse acquires machine-readable data specialist Need to Know News

20 November 2009  |  9113 views  |  0 comments
Nasdaq serves up Twitter stock buzz on iPhone

Nasdaq serves up Twitter stock buzz on iPhone

26 October 2009  |  6836 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukvisit dh.comVisit capgemini.com

Top topics

Most viewed Most shared
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
8743 views comments | 19 tweets | 18 linkedin
Barclaycard strikes new wearable deals for contactless jewellery and watchesBarclaycard strikes new wearable deals for...
8004 views comments | 17 tweets | 15 linkedin
In wake of Cloudflare bug, Starling advises customers to change passwordsIn wake of Cloudflare bug, Starling advise...
7357 views comments | 7 tweets | 12 linkedin
Bank of America first to launch Zelle P2P paymentsBank of America first to launch Zelle P2P...
7191 views comments | 12 tweets | 10 linkedin
Kaspersky records uptick in financial phishing and banking malwareKaspersky records uptick in financial phis...
6801 views comments | 6 tweets | 8 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job