15.04.2011
ETNA Software Corp. is launching a social module for its ETNA Trader.
This module will come as a free upgrade for ETNA Trader and related components installed for clients. Anticipating evolution of trading platforms and requests from brokers who want to offer cutting-edge technology to traders, ETNA Software makes use of social media to improve the trading experience in ETNA Trader — a trading platform and infrastructural solution for brokers.
According to research findings of the Technical University of Munich, economists analyzed 250,000 Twitter messages related to S&P 500 listed companies from a six-month period; they found an essential correlation between the sentiment of tweets with abnormal stock returns and message volume to predict next-day trading volume.
So, in addition to typical newsfeeds, ETNA Trader now shows real-time Twitter data on stock symbols that users choose with an ability to filter messages by sentiment and volume. More social networking update modules will be available within the next few months.
To find out more about ETNA Trader and request a demo, please, call +1-855-ETNASOFT or write us at info@etnasoft.com
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