Twitter, Key to Data

thomson-reuters-twitter-sentimentThe media and information firm, Thomas Reuters is now incorporating sentiment analysis from Twitter for Eikon. Eikon is Thomas Reuters’ market analysis and trading software. Twitter watches its content river to base much of the advertising scheme for revenue. Thomas Reuters will use a similar approach to build its reputation as a big data provider.

It is important to note that this is not a formal merger with Twitter. A spokesperson said that Thomas Reuters will be “combining a number of third-party and proprietary Twitter feeds for this service.”

Bloomberg tried a similar strategy last year by mining Twitter for Tweets about specific companies. Thomas Reuters moves that process forward by creating visualizations and charts about this kind of data and to allow companies to look more closely at data in regard to specific companies. They will use a cross-Twitter feed that will give them large caches of data from Tweets around the world.

Thomas Reuters has not identified the third parties at this time. Also, as of now, the proposed plan will only include Twitter, but may utilize sources like blogs in the future. Twitter has been a popular new venue for years, so it may be surprising that it took the financial world so long to get on board. Parts of the data that the new service will compile are StockTwits that include people using stock tags in global markets. As long as investors are aware, the SEC has formally acknowledged that companies can legitimately communicate new through Twitter.

There are other players who are looking to Twitter for big data. 300 Music will use it for music insights and Dataminr and CNN will work together to find breaking news in newsrooms around the world that CNN may not have picked up otherwise.

from Douglas MacFaddin’s Tech Market Page http://ift.tt/MYRAXG

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Published by: Doug MacFaddin

Douglas Willis MacFaddin was born June 16, 1961 in the Miamisburg Hospital to Patricia Ann MacFaddin and Richard Willis MacFaddin. My mother’s maiden name is Morrison and she is the youngest of seven children who were raised in Lycippus, PA. My father was the second of four children and was a twin. He was raised in the town of Viola, DE. At the time of my birth, my father worked at the Mound Laboratories in Miamisburg, Ohio in research. Mound was an Atomic Energy Commission facility for nuclear weapon research during the Cold War. My mother made a home for our family. My father passed away in 1991 and my mother is currently living in Avon, CT. Doug MacFaddin is the oldest of five children (Doug, R. Stuart, Anne Marie, Megan and Mary (Heather)). I lived in Ohio for two years, spent the next seven years in Murrysville, PA (outside of Pittsburgh), moved to Little Silver, NJ and relocated my senior year in high school to Avon, CT. My four siblings currently live with their families in Avon, CT and are members of St. Ann’s Church. I attended Mother of Sorrows School in Murrysville, PA. In NJ, I attended Little Silver Point Road School, Markham Place School and Christian Brothers Academy (CBA) in Lincroft, NJ for three years. My senior year, I attended Avon High School and I then spent the next four years at Union College, Schenectady, NY. I received a BS in Industrial Economics and graduated in June 1983. While at Salomon Brothers, I was asked to attend a two-week seminar for Public Finance at the University of Michigan in 1986. In Little Silver, I was involved in Troop 126 where I achieved the rank of Life Scout and was both a Patrol Leader and a Senior Patrol Leader. I also was an alter boy at St. James Catholic Church and spent summers a the Ship Ahoy Beach Club in Seabright, NJ and caddying at the Rumson Country Club. At Christian Brothers Academy, I wrestled for the varsity squad for three years. I took second in the districts my junior year and went on to the regionals. I also ran on their cross country team freshman year and was part of the CBA Colt team that hasn’t lost a duel meet since 1973. My senior year at Avon, I won the wrestling States (S). I went on to wrestle at Union College and qualified for the Div III nationals twice (1981, 1982) and was co-captain both years. My senior year at Avon, CT, I also won the States (S) in pole vaulting. It was the first time Avon High School had a state champ in two sports in the same year. During my four years, I earned nine varsity letters between wrestling, track and football. In 1979, I was accepted into The National Honor & Merit Scholars Society. Upon graduating from Union College, I accepted a position at Salomon Brothers Inc in August 1983. I was an analyst in their Public Finance department at One New York Plaza. I lived in Park Slope, Brooklyn and spent the next four years working at Salomon Brothers. As a result of Black Monday, October 19, 1987 the Public Finance Department of Salomon Brothers was jettisoned to conserve capital. By November 1, 1987, I was working at Dean Witter Reynolds in the new Public Finance Department made up of many of my former Salomon Brother’s colleagues. The new Department was located on the 57th floor of 2 World Trade Center.

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