Real Time Financial Data - on Twitter!

Wednesday, June 24. 2009

Real Time Financial Data - on Twitter!

This is interesting from the Telegraph:

Traders are using software developed by US-based technology StreamBase to monitor "tweets" for price sensitive information.

The software plugs into Algorithm-based automated trading platforms that have been used by traders for years. But rather than searching Reuters or Bloomberg the software now scans Twitter.com.

Streambase – whose client base includes Royal Bank of Canada and London-based hedge fund BlueCrest Capital Management – was commissioned to develop the software by several "unnamed" clients.

The software allows traders to take into account "event-based" information published on Twitter in their automated equity, bond and foreign exchange trading.

This interests me because it combines 2 streams of realtime value which up till now I thought separate, to wit realtime financial data and realtime consumer data.

Posted by Alan Patrick in Dis - Aggregation at 22:58 | Comments (0) | Trackbacks (0)

1770 hits

< Chris Anderson's "Free" costs $29.99......by their deeds shall ye know them | Will Mobile Advertising Take off in 2009 - Probably Not >

Trackbacks

Trackback specific URI for this entry

No Trackbacks

Comments

Display comments as (Linear | Threaded)

No comments

Add Comment

Name
Email
Homepage
In reply to
Comment	Enclosing asterisks marks text as bold (word), underscore are made via _word_. Standard emoticons like :-) and ;-) are converted to images. E-Mail addresses will not be displayed and will only be used for E-Mail notifications To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly. Enter the string from the spam-prevention image above:
	Remember Information? Subscribe to this entry