Hedge Funds Industry Finds Solace In Twitter
It is amazing to see twitter finding its way into mainstream uses but what would surprise most of us is its use in the hedge fund industry.The use of twitter in hedge funds industry could never been predicted by even the die-hard twitter fans.This may provide twitter a credible face for news sourcing.
Hedge fund Industry constitutes one of the riskiest investment assets across the world.They take leverage position in multiples of their billions worth of assets and is in doll-drums currently.
Many hedge fund traders have started using twitter as their basic and reliable news source by adopting a technology from US company-StreamBase. Streambase mines twitter for information related to stocks and commdities that can be utilized for financial trading and is plugged into trading platforms for real time access.
Hedge fund mangers were earlier lambasted by investors for using automatic trading platforms which increased the risk profile of the trades, now relying on twitter for billions of dollar worth of investment may attract another round of ire.
This also goes onto prove the monetary importance of twitter which today is not just a tool for social media awakening. Uses such as the hedge funds could attract other financial giants to follow the suit and streamline the flow of news on twitter for their advantage.
This could be a great news for twitter based sites as specific data mining on twitter could turn into a huge business opportunity. The open nature of twitter API structure may also help these sites to benefit and provide data which is of prime importance in real time to various other industries than just financial.
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