Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Thomson Reuters adds unique Twitter

Thomson Reuters Adds Unique Twitter and News Sentiment Analysis to Thomson Reuters Eikon

HONG KONG, NEW YORK, LONDON, February 4, 2014 – Thomson Reuters today announced that it has added its award-winning news sentiment data, including sentiment analysis of Twitter feeds for the first time, to its flagship financial markets desktop Thomson Reuters Eikon. Through powerful charting applications, the new data provides financial markets professionals with very quick and intuitive ways of identifying trends and potential signals in huge amounts of unstructured data, gaining unique insight and competitive advantage.

The practice of tracking news and social media sentiment to gauge and predict the impact of breaking news on market prices and volatility has been gaining popularity over the past five years with Aite Group estimating that over 50% of quantitative firms are now using machine readable news feeds. However the data provided via such feeds has been historically too detailed to be digested easily by human traders.

To cater to growing interest in the industry, Thomson Reuters has delivered a unique capability in Eikon that takes feeds from both Twitter and StockTwits and weights and analyses sentiment using a proprietary methodology. The charting application gives financial professionals a clear picture of the volume of positive and negative tweets surrounding any given listed company as well as advanced technical analysis which enables them to potentially spot market and company-impacting events as they happen. The feed incorporates identified key influencers as well as a broad cross-section of all activity to provide a unique and powerful picture of global Twitter sentiment at any given time. Customers also have the ability to drill down into the underlying data to investigate further what is being said and by whom.

In addition the recently introduced news sentiment analysis in Thomson Reuters Eikon is based on the Company’s award-winning solution Thomson Reuters News Analytics, one of the industry’s most advanced services for automating the consumption and systematic analysis of news. In addition it uses a proprietary system of sentiment scoring to provide a rolling average score for news sentiment that is more digestible to humans across over 30,000 listed companies. This data is overlaid by company share prices in a highly visual format to give financial professionals an idea of how average sentiment is evolving over time and impacting market prices, making it easy to spot key trends in the data.

“The ability to incorporate social media into the analytics toolkit is becoming an increasingly frequent demand from today’s generation of traders,” said analyst Danielle Tierney at Aite Group. “Such functionality is no longer just a value-add, but is well on its way to becoming an important part of many quantitative strategies. The real differentiator is usability, or how this data is then harnessed to present financial professionals with an easily-digestible picture of market trends.”

“Behavioral finance is an area of increasing interest in financial markets. However it has been difficult for human traders to keep pace due to the sheer volume and detail of data and the need to interpret it and spot trends immediately,” said Philip Brittan, chief technology officer and global head of platform for Financial and Risk, Thomson Reuters. “With the addition of this sentiment data to Eikon we are combining our unique content and insight with innovative visualization and analytics tools. This is really just the tip of the iceberg in terms of what we plan to do to turn qualitative, unstructured text into quantitative and actionable insight for our customers.”

These latest additions to Thomson Reuters Eikon come at a time when Thomson Reuters is making significant changes to Eikon’s user interface that are designed to ensure that Eikon is always on hand across the customer’s entire workflow, no matter what application they are working in. From the beginning, Thomson Reuters Eikon has been designed to provide a powerful and intuitive next-generation solution for consuming real-time and historical data, connecting with the financial markets community and executing financial markets transactions across asset classes such as foreign exchange (FX), fixed income, commodities, equities and derivatives. It realizes Thomson Reuters vision for a financial markets desktop that is connected, informed, intelligent and open and provides access to a messaging community of over 200,000 financial professionals.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news