DISQUS

Anthony Kuhn · 1 year ago

BloombergNews seems to have made a fortune off of focusing on information for investors. Who's to say SkyGrid won't be able to make it big by selling article ratings/reviews to those who value time more than money (especially when it's other people's money!)

scottshapiro · 1 year ago

Hedge funds eat this stuff up. There just probably isn't the same appetite as there was during the heyday a few years ago. I remember reading an article about hedge funds moving offices closer and closer to the bloomberg headquarters to minimize latency. Apparently, a few miliseconds can make or break algorithmic trades based on news feed data. It doesn't sound like this is as algorithmic, but whatever gives them a slight advantage is worth it.

kristophe · 1 year ago

Congratulations for the funding! But in what point exactly is Skygrid differing from Monitor 110? Only on sentiment analysis and that there are more articles displayed per page? What kind of sources are they indexing? What is there delay in finding the most relevant article?

Regards
Kristophe

brycebaril · 1 year ago

My understanding is that Monitor110 was looking more into the web at-large to find opinions and sentiments of entities, as in 'people seem to like the iPhone' or 'people like the new iPhone less than the old iPhone' whereas SkyGrid takes news feeds and assigns sentiment scores to them. Thus, so far as I can tell, the biggest difference is the source material.

Anthony Ha · 1 year ago

Thanks for that. I'm not that familiar with either company myself, especially Monitor110, so the perspective is much appreciated.

MartinEdic · 1 year ago

The notion that they are accurately measuring sentiment is a very suspicious one. I know because we include sentiment analysis in our social media monitoring application (SM2) and I always tell people it is only an indicator and not a very accurate one. Computers are simply not very good at semantics and things like irony. The only way their results can be called accurate is if humans read and analyze them and that simply doesn't scale nor is it fast enough for market situations.
I'd suggest that the hedge funds look at a more rigorous solution designed for tracking any kinds of conversations in social media- and I'm not talking about Google Alerts. They only track information sites, not conversation sources. Our model is designed for brand and reputation managers but works in quite interesting ways when you use it for financial information. Stuff regularly appears in social media far before traditional media...

ffo · 1 year ago

do u think those traders have time to do Google News searches?
Google finance is even worse than Yahoo!

Commenter · 1 year ago

good pt ffo...if im investor i dont want just a all purpose news engine or conversation tracker, i want good and fast way to filter stuff for my stocks. from anthony's post this sound pretty neat.

Babuji · 1 year ago

There are a lot of players in this space. Reuters has a News Sentiment Engine (which I've seen - it's pretty good), also
MarketPsy
RavenPack
Psydex
Jordange
InfoNIC (underlies Reuters' NSE)
and more...

scottshapiro · 1 year ago

What are some of the "and more..." that are doing something in this space?

IndustryInsider · 1 year ago

Scott,

This space is full of fringe players and pure play firms. Check out Collective Intellect, InfoNgen and FirstRain (who just made an announcement that it signed up it's 100th paying client in addition to a distribution deal with CapitalIQ).

The reality is that sentiment analysis technology is in it's infant stages right now and is not a reliable signal for traders whatsoever. The problem that Monitor110, like SkyGrid, had is that they marketed that they had the "holy grail" and could find signals on the web. Impossible. You can find raw intelligence or analyze trends from disparate content sources, but you cannot reliably be able to find trade signals.

abercrombie622 · 1 month ago

Why tiffany jewellery is your best choice?Compared with other jewellerys,tiffany jewellery have many advantages.
http://www.tiffanyjewelleryshop.co.uk