29 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Nyse Technologies turns on social media hosepipe

14 February 2013  |  6527 views  |  0 Stock exchange screen

Nyse Technologies is to start distributing social media sentiment statistics from vendor SMA through its SFTI Network and SuperFeed market data service.

From this quarter Nyse Technologies will be the exclusive reseller of the SMA (Social Market Analytics) patent-pending Sentiment Signature Feed social media monitoring engine.

Nyse Technologies' subscribing customers will be able to access data from SMA's engine, which extracts, evaluates and calculates data in real-time. It uses this to attempt to generate directional and volatility indications on individual stocks, ETFs, sectors, and indices by measuring the level and quality of social media interactions.

The engine seeks to create a "social media signature", consisting of seven statistical indicators: S-Score, S-Mean, S-Delta, S-Volatility, S-Buzz, and S-Dispersion, which may allow customers to track relative sentiment, in addition to volume, change, and dispersion of commentary.

Tom Watson, VP, global market data, Nyse Technologies, says: "We believe this will change the way the financial sector thinks about social media. For the first time, trading firms, brokers, asset managers, and non-financials in every sector will have a measurable way to track the sentiment of the social media stream of consciousness."

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

Twitter chatter influences stock prices - survey

Twitter chatter influences stock prices - survey

13 February 2013  |  10479 views  |  1 comments | 16 tweets | 8 linkedin
DCM Capital auctions itself on line - starting bid £1

DCM Capital auctions itself on line - starting bid £1

04 February 2013  |  5787 views  |  0 comments | 4 tweets
Twitter sentiment-based trading platform set for launch

Twitter sentiment-based trading platform set for launch

11 January 2013  |  7807 views  |  0 comments | 12 tweets | 1 linkedin
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  |  9788 views  |  0 comments
Bloomberg taps consumer sentiment for equity analytics

Bloomberg taps consumer sentiment for equity analytics

31 August 2011  |  16316 views  |  0 comments
WallStreetBirds taps Twitter data for stock tips

WallStreetBirds taps Twitter data for stock tips

08 August 2011  |  8608 views  |  2 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
12451 views comments | 50 tweets | 31 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
11882 views comments | 33 tweets | 45 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
8460 views 0 | 16 tweets | 4 linkedin
UK to roll out image-based cheque clearing systemUK to roll out image-based cheque clearing...
6877 views comments | 20 tweets | 43 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job