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January 15, 2013 01:31 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/SJO6cMQqhG8/
DCM Dealer Wants to Turn Twitter Into a Stock Trading Tool
Paul Hawtin made headlines two years ago when his hedge fund Derwent Capital Markets became the first to use Twitter data to make investing decisions. The fund had a 1.85% return in its first month, seemingly proving the power of social media as a trading tool, but it shut down shortly afterwards as investors were hesitant to sign up.
Now Hawtin is back with a new tool called DCM Dealer that hopes to turn Twitter into a stock trading tool for the masses by providing average investors with real-time sentiment analysis for stocks based on tweets.
DCM Dealer, which launched Monday, receives a pipeline of Twitter data from social data platform DataSift and uses several algorithms to weigh…
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/SJO6cMQqhG8/
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