Oli Freeling-Wilkinson CEO of Knowsis
Oli Freeling-Wilkinson CEO of Knowsis

Noisy and Inflammatory - helping FX trading firms to navigate the unstructured data flows from social media

Like it or loathe it, social media is here to stay. And contrary to popular belief, social networks are not just about obsessive “Beliebers” or narcissistic “Selfies”. We now see influential politicians through to journalists (often posting scoops) and well followed investors and traders sharing the stage. This trend has even extended to regulators such as the U.S. Securities and Exchange Commission, which now allows corporates to disseminate material non-public information through social networks due to “appreciating the value and prevalence of social media channels in contemporary market communications”.

This growing acceptance of “financial influencers” choosing to use social media as a platform to share news and views about how they see the world has firmly made it an increasingly relevant source to be plugged in to. And by its very nature, social media extends its reach far beyond who we think is interesting. Literally anyone can be the source of market moving news. Hence for an industry that prides itself on being at the cutting edge of the information curve, the ability to connect to the wider conversation occurring on social networks has never been more important.  Social media and finance - not a good mix (so far) Connecting the world of finance to social media channels sounds good in theory. Yet when it comes to putting this into practise, finance professionals, more often than not, get left behind when trying to effectively extract value from these sources. The reasons behind this can be boiled down to three key themes: (1) the native social media user experience isn’t good...continued

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