HedgeChatter, Tech Wildcatters alum and local fintech startup, announced yesterday the launch of their next web platform, allowing users access to real-time sentiment analysis of the stock market.
“Eight years ago no one believed Twitter would become the driving force of information,” said James Ross, CEO and cofounder of HedgeChatter. “Big Data has taken front and center stage, as reflected with the recent partnership between IBM and Twitter.”
“HedgeChatter’s partnership with IBM-Softlayer allows us to process 3.6 million financial chatter messages daily to deliver trading opportunities before everyone else sees them,” said Ross.
HedgeChatter processes “chatter” across social networks, identifying trending conversations in finance, and their dashboard uses predictive analytics to determine intent “across hundreds of thousands of traders instantly.”
The results are displayed in their dashboard, indicating buy and sell signals, sentiment scores, and manipulation attempts.
“Our business is already up 2100% over last year because investors and traders are looking for an advantage in the markets, and with HedgeChatter they’ve found it,” said Ross.
Entrepreneur named HedgeChatter one of their 100 Brilliant Companies last year, and we’re excited to see what this local startup is doing in the Big Data and fintech space.