BigDataFr recommends: Why Chicago trading firms have a Twitter crush

[…] When trading firm Ronin Capital invested in Dose Media, it got more than an ownership stake in a highly trafficked digital publisher; it secured a back channel into the social media scene.

In the age of a Twitter-holic new president, Chicago trading firms are eager to tap social media chatter and sentiments affecting prices across financial markets worldwide. While some of the city’s biggest trading firms, with hundreds of employees, have been experimenting with social media for a few years, others are only rushing in now as industry players scavenge for new data sources.

« The holy grail here is harvesting that sentiment and positioning yourself ahead in the market, » says Tammer Kamel, whose Canadian firm Quandl provides hedge fund and trading clients with alternative sources of information, including sales data on Amazon and eBay. […]

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By Lynn Marek
Source: chicagobusiness.com