So much information, so little time
Traders now have access to more information, news, analysis and commentary than ever before. Whilst this change to way traders are kept informed is a very welcome one, it is not without problems. There are some that have remarked that the sheer volume of news and social network opinion cannot possibly be absorbed in a timely manner and has created an environment where traders are in danger of being paralysed by their inability to consume key data and decipher what is likely to affect underlying prices.
Trading.co.uk was originally launched as a trader's information and broker comparison site. Almost twelve months ago we identified a growing problem for the trading community, too much information and too little time to absorb it.
We set about building a unique system that would collate near real time, relevant data from multiple channels, specific to a group of personally selected stocks and markets, and gather surrounding information such as sentiment, topical and associated data.
The result of our work has been extraordinary. We are now uniquely positioned to deliver a free solution that provides the trading community with a simple way to effectively manage content, to see clear timelines of when it was released and to receive sentiment analysis not only for each individual story, but also collective sentiment across multiple channels, including the entire social media network, for a large range of financial markets and companies.
The timeline, saving you time
Our trading timeline shows you relevant articles surrounding your watch list selections and enriches each article with sentiment and topical data. Traders are using more and more sophisticated models to chart market movements and predict the next trend.
We believe that by having access to a constant feed of information, together with the time when it appeared to the world, will help traders make better informed decisions and allow for fascinating back testing of technical analysis overlaid with sentiment analysis.
See the bigger picture, faster.
With hundreds of new articles, tweets and posts appearing each hour it's hard enough to keep up with what is being said about the world's financial markets. Sifting through stories looking for relevant information and building an accurate picture of how sentiment is changing is almost impossible.
The new trading.co.uk service delivers a product that not only sources relevant news stories from multiple channels but that also scans the articles to establish what the subject matter is.
At a glance you will quickly be able to see whether the story relates to an acquisition, profit warning, an analyst upgrade or downgrade or one of the many other categories that we look for and monitor on your behalf.
The stock overview
Little information can be a dangerous thing. That's why our new service allows our users to build a complete overview of individual stocks. Rather than relying upon a few selected sources for news, let trading.co.uk search and collate relevant information for you, create a timeline of when the stories were broken and then scan each of them to discover the underlying sentiment.
As more information is released across the various channels our system amalgamates the sentiment of each article, post and tweet and delivers an aggregated result.
As new articles are posted, particularly around key company data releases, our users will be able to see, in near real time, changes in sentiment and how these changes are affecting underlying prices.
We know that traders have favourite stocks and markets they wish to follow and we also know how annoying it can be to have to wade through stories and news articles that have no relevance to these markets and how they may perform.
That's why we've built our watch list function. It allows our users to build their own watch list of stocks and markets and receive news and sentiment analysis that can enhance trading decisions. Only the items selected in your watch list will be shown on your time line.
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To build an accurate picture of sentiment you need to be able to scan and analyse multiple channels of information in near real time. Taking sentiment from one source is likely to skew results and could result in inaccurate data which is why we have built our sentiment analyser to be able to process the hundreds of thousands of news and social comments that affect market sentiment in near real-time.
Trading decisions need to be timely. Making a decision at the right time can make a huge difference to the returns, which is why trading.co.uk have invested thousands of development hours to build a content discovery and enrichment application that processes information at near real-time speed. We believe that the speed of our system will provide a wealth of insight into the changing sentiment and topical data for selected markets to assist our users into making better informed trading decisions.
The rise in popularity of social-media channels has allowed new commentators, from all areas of life, to join with the world's financial journalists and report on company earnings, forecasts, economies, currencies and commodity prices.
We monitor these channels, as well as the traditional information channels; gather surrounding data - such as sentiment and topical and associated data - with the aim to produce more balanced results that can assist with your trading decision-making process.
As new channels and services come to market, we endeavour to maintain an evolution of our product to accommodate these and persistently provide a fresh service to the trader.
Using a machine to gauge sentiment, even one as advanced as ours, isn't going to produce perfect results. When we first released the system the accuracy of the sentiment readings were below 70%.
In a very short time this rate has improved to 84% and it will continue to improve as we feed our system with market commentary, news feeds, tweets and blogs.
Who trained it?
Like many things in life, if you want to learn something new the fastest way is to seek the advice and help of an expert.
We've done just that and have had a number of industry experienced individuals working with our developers to ensure that our sentiment analyser learns to read financial content in the right way.
Hours of their time have been spent looking at thousands of financial articles with the sole aim of training the trading.co.uk system to become the fastest and most accurate financial sentiment analyser in the world.
You can help!
Our system has a thirst for knowledge and better understanding of how sentiment is measured. The comprehensive training it has already received has shown us how quickly accuracy improves and so we will be employing our army of users to help produce even better results.
Once the article, blog or tweet has been read we'll be inviting users to rate the sentiment from their point of view, further adding to our already comprehensive analysis.
Always learning and learning fast!
With the lengthy ground work completed the training wheels have been taken off and our machine is learning, and learning fast, every day.
Difficult challenges that faced the team to extract only key data from news stories have been overcome and we are now preparing to launch our free service to trading communities across the world.
Our development team won't be sitting back and enjoying their achievements.
Far from it.
Trading.co.uk will continue to innovate, driven to deliver faster, quality information to our audience, enhancing trading decisions and improving the flow of relevant information and market sentiment.
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