New York City-based Infinigon Group is emerging from stealth mode and is working with select trading firms to test their software, which provides trading signals by analysing Twitter activity in real time.
Infinigon’s web-based platform taps into the 400 million tweets delivered via the Twitter Firehouse, a real-time feed of all tweets, and applies proprietary algorithms to derive sentiment analytics on specific terms – typically a security, a trading market or an economic indicator.
The proprietary sentiment analytics can be used to spot trading opportunites or provide risk alerts ahead of price movement in the markets that is driven by corporate or economic news.
Infinigon is the brainchild of Sid and Alicia Belzberg, veterans of the financial technology marketplace, who founded Belzberg Technologies in Canada in 1993 (and subsequently sold it). The couple also dabble in collectors markets as diverse as rare coins and model automobiles.
The company isn’t the only one tapping into the Twitter Firehouse for financial analytics. Dataminr is another early stage vendor in the space. See here for more on Dataminr.