Start-up iSentium analyses a million tweets a day from traders, investors and market commentators to gauge sentiment. The company is also working with the University of Cambridge on an app that will allow users to track their own stock portfolios. It has 10 clients that are paying $15,000 per month per stock symbol. They include large quantitative hedge funds, plus traditional hedge funds, family offices and HFT firms that use the indicators for market-making strategies.
Start-up iSentium analyses a million tweets a day from traders, investors and market commentators to gauge sentiment. They system breaks down sentences into key components and analyses adjectives and actions associated with subjects mentioned in tweets. It has 10 clients that are paying $15,000 per month per stock symbol. They include large quantitative hedge funds, plus traditional hedge funds, family offices and HFT firms that use the indicators for market-making strategies.