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I knew Twitter trading platform has launched this week that monitors global investor sentiment in real time what are people saying on different tweets about a certain stock.
So how can an investor cash and using social media tools well let's bring in -- -- and he is DC and founder and CEO.
With brand new rule.
Trade -- -- -- I've looked at this and I suppose this is interesting because.
We've seen a lot of companies that aggregate all of the comments on Twitter but now this is sort of the very first.
Social media sentiment opportunity here how does that work.
-- -- right I mean what we've identified is that.
I'm with the rise of social networks such as Twitter FaceBook -- huge amount of valuable information out then now.
So what our system does his -- his focus is initially on on to accept.
What you -- about -- and fifty to 400 million tweets coming through the network every day.
From what we do is -- -- those tweets in real time with firm complex algorithms.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- OK so I'd normally I would say that's amazing except that the -- is often wrong and then -- Is there a way that kind of look through and also seen what are valuable contrarian trades.
That the potentially but I think the key is that what what we're trying to identify is is underlying sentiment which.
Seems to proceed movements in the underlying markets.
I think what we find is that -- once -- makes a decision to -- -- an asset yeah it's not full process is -- maybe two or three days so what we tend to find -- some correlations between sentiment.
On the social networks.
I'm the asset price that you find that the sentiment that we find from twits.
I she proceeds movements on the underlying statement about his little guys -- -- archive by that I -- that so so what let me just drill down on how you're going to make money.
OK well what we we make our revenue by trading volume so and clients from around the world -- -- investors and traders.
Can open an account -- us referring.
And there's no sign up -- -- -- monthly cost.
They only pay when they tried so every time they trade they pay a small fee.
We generate our revenues from -- trading voting.
I'd like -- -- I'd like freeze certainly but I'm done ticking down and I just I guess the final question would be.
What do you hope to really grow from this I mean is it an opportunity where eventually you might be able to capitalize enough to take this public.
Essentially I think this issue -- I think.
That did the the kind of big dates area of both states that comes from social networks has a lot of value and I think -- C we focus on the financial services industry.
And I think -- -- has a great prospects for for the industry as a whole I think but information can provide all sorts of information to an investor.
Or -- -- they can help them make a better informed trading decision.
Well we're looking at DCM dealer I think it's very fascinating and we like entrepreneurs on the -- also thank you for being ones you love to profile them keep us posted on the business.
How will -- thank you.
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