Friday, 4 December 2009

Information Flows to Hedge Funds 2 - Twitter

The best article on information searching for hedge funds that I know about was by Colin Maclean of Scottish Value Management. You can find it on "The Hedge Fund Journal" website at this link.

The search for an information edge goes on. Any source will do. The newswires carried this story recently:

"Traders are using software developed by US-based technology StreamBase to monitor "tweets" for price sensitive information.

The software plugs into Algorithm-based automated trading platforms that have been used by traders for years. But rather than searching Reuters or Bloomberg the software now scans

Streambase - whose client base includes Royal Bank of Canada and London-based hedge fund BlueCrest Capital Management - was commissioned to develop the software by several "unnamed" clients."

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