20 July 2017
visit www.avoka.com

Start-up pitches social media analysis tool to traders

13 November 2012  |  6748 views  |  0 Dealing Room

A new London-based analytics firm that trawls sites such as Twitter and Facebook for information that can be used to help investors, has launched.

Knowsis is pitching a social media analytics API that traders can integrate into their desktops to help extract value from Web chatter that can be used to analyse behaviours and identify trends in the futures and equities markets.

The start-up says it retrieves data from thousands of "alternative alpha sources" and then applies "natural language processing and machine learning techniques" to make sense of it.

Launching this week, Kowis was set up earlier this year by former Unicredit equities salesman Oli Freeling-Wilkinson and Mark Unsworth, who used to work at music download service 7digital. They have received financial backing from Method Investments & Advisory.

Freeling-Wilkinson told Financial News that the explosion of data available on the Web is increasingly hard to harness but "we have paid a lot of attention to data quality and have developed an automated system that allows us to identify only the most relevant pieces of content out there".

Several firms in the past have tried to tap social media chatter for trading, with one - Derwent Capital Markets - launching a £25 million Twitter sentiment-based hedge fund. The fund lasted just a month, however, before being shuttered, with the company instead deciding to offer its technology to day traders through a Web site and mobile app.

KeywordsSOCIAL MEDIA

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

I Robot: Thomson Reuters adds psych analysis to machine-readable news

I Robot: Thomson Reuters adds psych analysis to machine-readable news

25 June 2012  |  9945 views  |  0 comments
Researchers link tweets to stock prices

Researchers link tweets to stock prices

23 March 2012  |  6584 views  |  0 comments
Thomson Reuters launches social media sentiment analysis service

Thomson Reuters launches social media sentiment analysis service

07 March 2012  |  9652 views  |  0 comments
Bloomberg taps consumer sentiment for equity analytics

Bloomberg taps consumer sentiment for equity analytics

31 August 2011  |  16482 views  |  0 comments
WallStreetBirds taps Twitter data for stock tips

WallStreetBirds taps Twitter data for stock tips

08 August 2011  |  8728 views  |  2 comments
Twitter-based hedge fund launches

Twitter-based hedge fund launches

18 May 2011  |  11872 views  |  1 comments

Related blogs

Create a blog about this story (membership required)
visit www.www.fisglobal.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.finastra.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
12290 views comments | 19 tweets | 15 linkedin
EPC gears up for pan-European instant paymentsEPC gears up for pan-European instant paym...
9611 views comments | 10 tweets | 28 linkedin
Man trapped in ATM slides 'help me' notes through receipt slotMan trapped in ATM slides 'help me' notes...
9510 views comments | 8 tweets | 20 linkedin
Festy unveils digital currency payments wristbandFesty unveils digital currency payments wr...
8984 views comments | 11 tweets | 7 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
8411 views comments | 14 tweets | 20 linkedin