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Hedge fund managers betting Twitter will give them an edge in rapid trading
- ojbyrne 17y agoOk, Streambase, maybe you'll pick this up. Most of my money is in the Royal Bank of Canada and "Streambase – whose client base includes Royal Bank of Canada" makes me, for the first time in a decade, want to switch.
- anigbrowl 17y agotl;dr headline says it all, except for this: "Markets tend to buy on rumour and sell on facts," [Nasir Zubairi, a trading product developer] said. This deserves widespread replication.
- andrewljohnson 17y agoCheck out www.predictwallstreet.com... people are using all kinds of social information to trade stocks.
- something 17y agoif i tweet this headline, someone makes a losing trade based on reading it, and loses money in a transaction from which i profit indirectly... is there a name for that? I'd ask a lawyer, but they might answer me.
- Torn 17y agothis is such a bad idea -- people will set up bots spewing fake information and boiler-room 'stock tips' of the sort already passed around in junk emails
- nasirzubairi 17y agoThe essence of a good trading strategy that leveraged Tweets would be to perform extensive back-testing on which sources were remotely influential and/or reliabe. trading decisions would never be made based on an unproven source. At the very least, a trader would get a jump on knowing when something major was going on at a macroeconomic level that would indicate stopping/switching off their trading model. Reliable Tweeters would become more prevalent as the potential to build brand and reputation for value gain - e.g. promoting themselves or their company, potentially a research firm, is extremely motivating.