Acuity Trading adds Market Alerts Sentiment Indicator

Fintech firm Acuity Trading has added a new analytical tool to its system, under the name of Market Alerts Sentiment Indicator. Drawing on the success of their existing sentiment trading tools, the Market Alerts Sentiment Indicator uses the same sophisticated technology to identify market sentiment towards any given stock from the global news and online […]

liquidity

Fintech firm Acuity Trading has added a new analytical tool to its system, under the name of Market Alerts Sentiment Indicator.

Drawing on the success of their existing sentiment trading tools, the Market Alerts Sentiment Indicator uses the same sophisticated technology to identify market sentiment towards any given stock from the global news and online investment community but goes further by identifying when similar market sentiment levels or ‘patterns’ have occurred in the past. These are instances are analysed to determine what the effect on price was within a particular time frame to provide traders with a clear indication of what could happen again under the same conditions.

Andrew Lane, Acuity’s Managing Director, today made a corporate statement on the launch:

“This product embodies the predictive capabilities highlighted in our recent research conducted by Barcelona University on our sentiment data and is an example of what opportunities lie in big data. The Market Alerts indicator is specifically designed to surface new trade ideas that the rest of the market won’t easily have identified because the trends are too inconspicuous without technological capabilities.”

Brad Alexander, VP of Sales at Acuity Trading added

“Recent results for hourly alerts on EURUSD were correct in 9 out of 11 cases during a 24 hour period with most leading to significant price movement. In a similar time frame, 4 out of 4 alerts on the Dow Jones index were also correct and in the month of September, our results on Crude Oil were correct in 8 out of 9 cases.”

“This level of confidence in an indicator is truly exciting,” continues Alexander. “What we are seeing is the movement of sentiment from an ambiguous idea to something tangible and actionable.”

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