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Trading finance intelligence with Twitter

Trading finance intelligence with Twitter

German economic scientists have set up an online platform called ‘TweetTrader’ that helps analyze stock and market information provided by tweets on Twitter. It aims at predicting market outcomes by using textual analysis filters and specific algorithms.

Why it matters

Market researchers are already relying on social media analysis tools to understand consumers better. Now the analysis of tweets is being  transferred to financial / information markets. Will the expertise of  some financial analysts become obsolete thanks to the wisdom of the crowd?

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Germany
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Financial Services
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