Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Can Real-Time Search Help Hedge Funds?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > Can Real-Time Search Help Hedge Funds?
Uncategorized

Can Real-Time Search Help Hedge Funds?

Daniel Tunkelang
Daniel Tunkelang
3 Min Read
SHARE

I haven’t exactly been generous in my opinions about the widespread obsession with “real-time” search. But in today’s Telegraph there’s at least a story that makes sense in theory: “Hedge fund managers betting Twitter will give them an edge in rapid trading“.

In practice, I’m pretty skeptical, as is Gwen Robinson at the Financial Times Alphaville blog. She writes:

That’s very interesting, because several hedge fund managers we spoke to dismissed the idea variously as “all twatter” and “rubbish” – not least because Twitter has carved a reputation more for unfounded speculation and even sensational disinformation than for ground-breaking, market-moving alerts for alpha-hungry fund managers.

I’ll concede that time really is money for for hedge funds and other traders who need to make decisions before the rest of the market catches up. But I’m dubious that Twitter – let alone an automated processing of tweets – will enable traders to make better decisions…

More Read

Why trust Facebook with our history?
Privacy Legislation and Affiliate Marketing
90s Sites and Stickiness
Google Chrome OS, what are they up to now?
Blogs I Read: FXPAL Blog

I haven’t exactly been generous in my opinions about the widespread obsession with “real-time” search. But in today’s Telegraph there’s at least a story that makes sense in theory: “Hedge fund managers betting Twitter will give them an edge in rapid trading“.

In practice, I’m pretty skeptical, as is Gwen Robinson at the Financial Times Alphaville blog. She writes:

That’s very interesting, because several hedge fund managers we spoke to dismissed the idea variously as “all twatter” and “rubbish” – not least because Twitter has carved a reputation more for unfounded speculation and even sensational disinformation than for ground-breaking, market-moving alerts for alpha-hungry fund managers.

I’ll concede that time really is money for for hedge funds and other traders who need to make decisions before the rest of the market catches up. But I’m dubious that Twitter – let alone an automated processing of tweets – will enable traders to make better decisions. Moreover, any success would immediately be gamed, along the lines of pump and dump scams. I suppose that hasn’t put a damper on the popularity of StockTwits, but popularity does not necessarily translate to profitability for the traders. I hear that Swoopo (a great example of exploiting behavioral economics) is popular, too.

If real-time search is to be useful – and I think it really should be called alerting – then the information it provides has to have some sort of quality assurance, and not just freshness. There’s almost certainly a trade-off, since it usually takes time to vet  information for quality, even if the vetting is through crowdsourcing. But that reality doesn’t seem to have sunk in yet for the real-time advocates. I say, give it time.

Link to original post

TAGGED:real-time
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

big data tools including analytics and cloud computing
AnalyticsBig DataBusiness IntelligenceCloud ComputingData CollectionExclusive

Data Shortcuts So You Can Spend More Time Managing Your Business

5 Min Read

Big Data Analytics: The Four Pillars

9 Min Read

What Changes Will Big Data Analytics Bring?

9 Min Read
secrets to accurate sales forecasting
Uncategorized

Accurate Sales Forecasting: 4 Secrets

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?