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Authored by: PJ on Tuesday, April 23 2013 @ 11:34 PM EDT |
Here's one
resource. [ Reply to This | Parent | # ]
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Authored by: PolR on Wednesday, April 24 2013 @ 10:04 AM EDT |
This Washington Post column is written by a hedge
fund manager. It explains how tweeter is now a major source of news in the
financial markets.
Twitter has become the “new” news wires. It has
supplanted AP, Dow Jones and Bloomberg for breaking news.
Tweeter is incorporated in the Bloomberg terminals traders use to receive news.
Bloomberg L.P. announced on Thursday that it was incorporating
tweets into its data service, which is widely used in the financial industry.
The new feature allows traders and other professionals to monitor social media
buzz and important news about companies they follow.
Please note
that this article was written on April 4th.
It is now well documented that
reader tweeter as a news source is now part of Wall Street work flow. Once this
is a given the notion that a fake tweet may impact the market logically
follows.
Here is a report matching the timing of the tweets with a one minute stock
chart. We see a large drop lasting three minutes right after the timing of
the tweet followed by a quick return to normal once it was noticed the news was
fake. This is a picture of the event unfolding, so to speak. This same report
explains why Wall Street uses tweeter. It is all about getting the news before
everybody else so they know why the market is doing what it is doing in
real-time.
I have no idea how Wall Street's rank-and-file can
function without access to social media, it's getting embarrassing that they
have to pretend they're not using it. On the twitters, we noticed the commotion,
the market's reaction to it and the debunking of it before the news anchors
could even be rushed into makeup. Maybe they'll read about it in the newspaper
tomorrow.
If traders react to news late they may loose millions.
It is no good for them to get the news correct at a later time if the millions
are already evaporated in a fast and furious market drop. [ Reply to This | Parent | # ]
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