Glue42, the company that delivers integrated desktop experiences to financial institutions globally, and ChatterQuant, a leading AI innovator in social sentiment, collective intelligence, and discussion monitoring, have announced a partnership that will help buy and sell side traders find a faster path to alpha and achieve better execution outcomes by embedding social media and news insights directly into traders’ existing sales, trading and research workflows.
ChatterQuant harnesses social media and news insights to help protect financial firms from large price movements in their portfolios and help traders identify valuable trading opportunities. However, with news streams becoming increasingly varied and dynamic, news can no longer be consumed in a siloed manner. Similarly, it is not humanly possible to monitor hundreds of millions of posts and tweets a day to extract actionable insights.
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“Providing quick access to data in a streamlined, unified manner resolves these challenges and provides the insights needed to execute on trade ideas when they occur. This is where interoperability and frictionless workflow experiences come in,” said Reena Raichura, Director, Head of Product Solutions, Glue42. “By embedding social sentiment and collective intelligence analytics into clients’ existing sales, trading and research workflows, users have access to actionable and relevant data and analytics at the point they need it.”
“Platforms become more powerful and beneficial when embedded into end-to-end user workflows,” said Christian Perry, CEO, ChatterQuant. “Glue42 makes this happen by integrating ChatterQuant with the rest of the applications on the trader’s desktop seamlessly.”
The partnership will help ChatterQuant take its social sentiment and collective intelligence tools to the next level and empower its clients to get ahead of the competition.
With the click of a button through other applications on the desktop such as order and execution management systems, traders can bring related ChatterQuant social sentiment to the forefront in seconds or create a smart portfolio for real-time analytics on stocks of interest.
Through the Glue42 notifications center, traders can receive social sentiment signals and alerts on their stocks of interest with next best actions.
SOURCE: PR Newswire