ExpertRiver, a new U.K. startup is launching a real-time market-data service to harness the wisdom of the investment crowd for institutional and retail brokerage trading desks.
The new market data service will go straight to trader's desks and algorithmic trading systems, the company's release reports.
The purpose of the service is to answer 'the fundamental question' of whether the price of an instrument, equity/stock, currency pair or a derivative, is going up or down. Traders and investors carry out fundamental analysis of instruments or try to spot technical patterns in charts in order to figure out the trend. A large investment house would use the services of hundreds of market analysts to improve the accuracy of their market predictions, and it would be able to spot market trends ahead of each individual investor. Logically, if firms could hire millions of market analysts, they could get much closer approximation to the answer.
However, ExpertRiver offers a no-frills up-or-down trend indication. ExpertFeed delivers statistical trend indication of whether the price of a specific instrument is going up or down according to expert opinion by rank categories from top one percent of the experts to the whole market. According to the company's Web site, it has a statistical trend analysis engine.
The more demanding investors will also get market liquidity analysis, heat-maps and bubble-charts to spot what the best performing experts are trading on. A retail version of the product will be launched later this year, according to the release. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio