Thomson Reuters Collaborates with Finatext in the Development of New Investment Information Service
Source: https://www.thomsonreuters.com/en/press-releases/2017/march/thomson-reuters-collaborates-with-finatext-in-the-development-of-new-investment-information-service.htmlTOKYO – Thomson Reuters has announced the launch of a new investment information service in collaboration with Japanese FinTech firm Finatext. “Social Indicator” is set to launch in June 2017 and will provide investment information by analyzing content on social networking platforms. The service is available to individual investors from financial institutions who have access to Thomson Reuters Knowledge Direct for Wealth Management (TRKDWM), a platform that provides market insight, company and financial market information.
As investors become more data savvy and seek investment data from varying channels, Social Indicator aims to fill this gap. The service analyzes vast amounts of social media content and converts it into numerical data, which is then provided as investment data and ideas for individual investors. The data service encompasses all stocks listed in Japan, in which specific stocks are vectorized into their own “Social Score” which can be further ranked into the “Hot stocks”, “Market specific-trending stocks” and more.
In today’s data-driven financial markets, sentiment analysis of social networking services has become a core function for investment decisions by both individual and institutional investors, particularly among investors who frequently use internet and mobile for trading activities. Thomson Reuters and Finatext are also looking towards expanding coverage of non-Japanese stocks and offering this service to other Asian markets where the need for financial services targeting individual investors is growing.
Social Indicator encapsulates the collaboration between Thomson Reuters robust financial data and global network as well as Finatext’s robust capabilities in FinTech. Thomson Reuters combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial market. Finatext’s strong development capabilities, such as the visualization of Big Data through the mobile application of stock market forecasts, helps investors make decisions faster, quicker and more accurately.
As FinTech gains more traction in Japan and globally, Thomson Reuters continuously responds to market needs and provides up-to-date solutions that connect and empower global financial markets.