Hayward, CA, June 12, 2014 --(PR.com
)-- eSignal, an Interactive Data company and leading provider of real-time desktop solutions for professional and individual traders, today announced an agreement with Market Prophit (www.marketprophit.com), to provide its users with direct access to Market Prophit's unique social media sentiment and buzz indicators via the eSignal trading platform. eSignal plans to make Market Prophit's indicators available to its customers at the end of June 2014.
"We are pleased to add Market Prophit as a partner for social media data and analytics, and provide their sentiment indicators to our trading community," said Kyle Ford, general manager, eSignal. "Social media has become an increasingly important component of research and insight for the investment community. Market Prophit's ability to remove the noise from social media-related financial chatter will provide traders with unique and innovative insight into the markets."
Subscribers will be able to see charts representing the collective or crowd-sourced sentiment derived from social media chatter as well as track when a stock is "buzzing." A key feature is that users will be able to see two types of sentiment signals: one derived from all financial-related chatter tracked by Market Prophit in social media ("crowd" sentiment) and separately, sentiment derived from only those posters of financial-related messages who receive a Market Prophit Score ("Market Prophit" sentiment). The Market Prophit Score is a quantitative measure of the accuracy and predictive track record of a financial pundit's stock market commentary.
"We are excited to be working with Interactive Data and their powerful eSignal platform to deliver our social media sentiment analytics to their active trading customer base," said Igor Gonta, CEO of Market Prophit. "As the volume of chatter in social media about stocks keeps growing, the need for a filter which separates noise from valuable insights has become increasingly urgent for the investment community. Market Prophit's solution solves this problem through our quantitative scoring and ranking of financial message posters, which adds an additional filter to the stream of information in social media chatter."
Learn more about Market Prophit's integration with eSignal at www.eSignal.com or sign up for a preview of Market Prophit at an upcoming webinar on June 18th at 4:30 EST / 1:30 PST.