The latest move by social trading provider, ayondo, is to partner with a rapidly growing company focused on sentiment analysis. The firm has joined forces with StockPulse to deliver to the clients of the social trading broker access to a new set of tools which is rapidly gathering traction in the past couple of years, but has so far limited availability for retail investors.
The systems of Cologne-based company, StockPulse, are evaluating data from several hundred thousand tweets and comments in finance-related forums, discussion platforms and social media channels. From this data, the tool is creating short-term trading signals encompassing shares, indices and currencies.
Last November, ADS Securities became one of the first retail brokers to delve into sentiment analysis space through its partnership with sentiment data analytics company Acuity Trading.
StockPulse has developed a new tool named “Sentiment-Trader” which ayondo has integrated into its trading platform Tradehub. The premium package contains sentiment charts, signal rules individually tailored to the trading profile, market maps, watchlists, E-Mail alerts, etc.
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Customers also receive a daily newsletter wrap-up with trends informing which shares are most discussed and which sentiment market participants provide in social media channels.
The founder of StockPulse, Jonas Krauß, commented on the firm’s offering, “The sentiment of market participants who discuss financial markets in the social media can predict market trends with a high success rate.”
Since October 2014, the well-known German asset and fund manager,, Stefan Riße, has been developing his own trading strategy at ayondo based on barometers of public opinion.
He commented, “Sentiments together with classic technical analysis combine anti-cyclical with pro-cyclical trading in an optimal way. Especially in the current market environment this trading approach pays off well.”
Access to the StockPulse platform is offered to ayondo’s new clients and premium clients for free for a period of twelve months subject to terms and conditions.