In 2018 A tweet from Elon Musk about taking Tesla private, resulted in a 6% increase in Tesla’s stock price and another tweet on 4th February caused the value of Dogecoin to surge more than 50%.
This type of volatility is now becoming more common especially since the Game Stop share price doubled overnight to $347.51 on January 27th 2021 up from $17.25 at the beginning of the year mainly due to the Wall Street Bets community.
Social Media is now commonplace in investing circles and with retail traders accounting for roughly 20% of the daily market volume, the search for information has evolved and many platforms have now become virtual trading groups and forums used for swapping trade ideas and hyping stocks.
Since 2016, Market EarlyBird has been the leading institutional provider of Twitter for finance, and we have now launched a platform Widget that has been designed exclusively for the retail market to filter through the noise of up to 600M Tweets per day to uncover only the valuable and market influencing information from reliable sources.
Compatible with all retail trading platforms including MT4, MT5 and cTrader. The embedded Widget can connect easily to a client’s portfolio or watchlist and uses AI and NLP to reveal only the most relevant financially focused tweets that relate specifically to the underlying Stock, Commodity, Currency pair, or Index.
As well as encouraging stickiness on the broker platform, the widget has also been specifically designed to promote trading ideas and increase trading activity.
To see the benefits that Market EarlyBird can bring to your trading platform, contact Phil Spurgeon who heads up our Retail Broker team at EarlyBird.
Posted on 6/22/2021 7:56:10 AMEarlyBird News