11:13 AM
Titan Trading Analytics Incorporates MarketPsych Sentiment Data into Behavioral Research
Titan Trading Analytics, a hosted provider of behavioral research and trading strategies, announced that it has incorporated 12 years of historical and intraday textual sentiment data from behavioral finance pioneers MarketPsych LLC of Santa Monica, California.
The MarketPsych Data Feed provides intraday updates gathered from earnings call transcripts, chat forums, and social media sites. MarketPsych’s software engine aggregates sentiment, topic and tone from millions of online conversations and normalizes the data for quantitative research applications.
The feed currently includes ticker-specific data on over 6,000 U.S. equities symbols updated on an hourly basis, and the historical database includes over 12 years of textual sentiment data.
"Our models are designed to find “hidden footprints” around a stock price,” stated John Coulter, President & CEO of Titan.
“Recent studies indicate that Twitter buzz can predict the movement of a stock prior to any official news being released by a company. MarketPsych is able to collect and score emotional sentiment based on a series of sophisticated behavioral algorithms. When we back-tested the data stream with our own proprietary research tools, we found a noticeable correlation in the probability of an event occurring. The addition of MarketPsych Data will enable our system to quickly pick-up unforeseen events and improve the quality of our trade recommendations.”
"As an add-on to traditional trading models, behavioral data is the next frontier for traders seeking new rich sources of alpha. Until recently there was no authoritative time series of ticker-specific sentiment information from social media. MarketPsych Data is that source," stated MarketPsych Managing Director Richard Peterson. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio