NEWS12 September 2012

DataSift launches Twitter-based analysis tool for financial clients

North America Technology

US— Social data platform DataSift has launched a tool for clients in the financial services sector to identify and analyse stock and company information.

The tool aggregates public tweets that mention a stock symbol, and then classifies them based on whether they are articles from news providers or chatter from market analysts and whether the mentions are positive or negative.

DataSift’s managing director of finance Rob Passarella said: “Financial professionals consume massive amounts of data every day, looking for patterns to support their investment decisions. Through DataSift Financial, we’re able to curate social feeds for company-based topics, news and links that allow finance professionals to uncover emerging patterns for both surveillance and alpha.”