Hi All,

If you’re into stock trading, the rise of social media presents some interesting implications for getting ahead of the market.  Following in this theme Wired has an interesting story on monitoring twitter feeds to improve trading performance.

From the article:

The rise of social media has created “a data explosion that contains a huge amount of useful [trading] information,” says Derwent Capital Markets founder Paul Hawtin.

Hundreds of millions of tweets are sent every day, and within that torrent of data is information that has the power to move markets, as a 2010 study from Indiana University’s Johan Bollan suggested. For two years, Paul Hawtin has made it his mission to “unlock hidden trading opportunities” by analysing social media sentiment.

“We build a lexicon of keywords that is specific to a company,” said Hawtin, speaking at Wired Money. “We then do a manual assessment on tweets [that match that lexicon].”

Click here for the rest of the article.

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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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