Asset Management

11:47 AM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Bloomberg Integrates Live Twitter Feeds With Financial Platform

Bloomberg Professional service says it is the first financial information platform to give investors the ability to incorporate tweets into their decision-making process.

Following this week's decision by the SEC to allow companies to use social media for corporate disclosures, Bloomberg announced that it has started integrating real-time Twitter feeds directly into the investment workflows of market professionals.

"When important news is shared on Twitter, traders and investors need to be able to access it, and validate its importance in order to incorporate that information into their decision making process," said Jean-Paul Zammitt, head of sales and product development for the Bloomberg Professional service. "Bloomberg's platform now provides this ability, along with the high-quality news, data and analytics our users need and have come to expect from us." Bloomberg Professional service subscribers can now monitor and analyze real-time Twitter updates issued by corporations, executives, government officials, economists, commentators, media outlets and other voices. By incorporating live Twitter feeds directly into its financial information platform, Bloomberg integrates social media content with users' existing investment workflow so market participants do not need to monitor separate systems for different types of market-moving information, Bloomberg said in release. "We recognize the rapidly growing importance of social media as a means for companies to release important, market-moving information," said Karl Braasch, fund manager and co-founder of Bristlecone Capital Partners. "It is extremely valuable to our business to be able to access this information on the Bloomberg Professional service in the same manner we use it for other market related applications and analytics." Bloomberg classifies tweets by company, asset class, person and topic, so that users can track updates related to a specific industry or market, their portfolio holdings or an online personality. In addition to searching and tracking relevant financial tweets, users can also create alerts to monitor for unusual bursts of social media chatter about a company.

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

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Finect
50%
50%
Finect,
User Rank: Apprentice
4/5/2013 | 10:16:32 PM
re: Bloomberg Integrates Live Twitter Feeds With Financial Platform
Great article and quite timely! Real-time updates are crucial these days in terms of how information is received and exchanged. Our platform (currently in invitation-only beta) includes social products, which allow users the ability to access real-time data via Twitter as well, along with what other users are saying about the product, etc. It's nice to see Bloomberg implementing this as well !
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Top Quotes of the Week
Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.