Market Prophit, a provider of real-time stock market sentiment analysis of social media conversations, has just licensed its platform to the Nasdaq’s Market Intelligence Desk, according to a Nasdaq statement.
The integration will see a reinforcement of Nasdaq’s Market Intelligence Desk utility, which aims to provide touch-points for trading analysis and market information. The advent of Market Prophit’s solutions will help strengthen the utility’s scope, whilst benefiting from a deep range of data and predictive analytics – pillars of Markit Prophet’s solutions suite.
According to Igor Gonta, CEO of Market Prophit in a recent statement on the licensing, “Financial, market moving news is breaking more often in social media channels such as Twitter. Our platform delivers that real-time intelligence via proprietary sentiment analytics, our smart financial Tweeter scoring and recommendation engine, which identifies relevant people to follow, as well as a vast array of real-time alerts.”
Legal Risk Factor Beneath Ripple’s Lawsuit from SECGo to article >>
“We are pleased that Nasdaq has chosen Market Prophit’s platform as its provider of social media analytics intelligence to help them stay abreast of market moving information,” he added.
Market Prophit is a financial analytics company specializing in big data, capable of delivering real-time, meaningful intelligence to a broad spectrum of investors via sophisticated natural language processing (NPL), predictive analytics, and powerful visualizations of sentiment analysis.
Just yesterday, Nasdaq announced the implementation of its Index Calculation System, a comprehensive solution designed to help provide marketplaces with an index calculation platform for computing multi-asset, multi-currency indexes.