UX & social media in futures and options

While the discussion around trading decisions based on social media sentiment continues:

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FINRA issue guidelines for use of social media networking sites

FINRA has just released an updated set of guidelines covering the use of Social Media Websites, Blogs and Networking sites by FINRA registered firms, and their employees.

Today’s release follows the initial FINRA publication Social Media Web Sites in January 2010, which focused on: Record keeping, Determination of ‘recommendations’ based on client suitability criteria, and what types of social media (ie blogs/twitter etc) constitute an “interactive electronic forum”.

As we have covered in previous posts, financial firms are eager to embrace the use of social networks, and these guidelines will help those firms to ensure that investors are protected from false or misleading claims and representations, and that firms are able to effectively and appropriately supervise the use of such new media by their employees. FSA guidelines on social media covered here.

The value of social media within Single Dealer Platforms

In an earlier post, I touched on how social media can and is being used as a predictive indicator within trading platforms.

A more obvious use case for social media, is of course as a real-time communication channel (with immediate feedback loop) within the overall sales distribution channel of banks and brokers to their clients. Continue reading

Further chatter on using social media ‘tweeting’ as predictive indicators in trading

Social media as predictive indicators for trading – coming to a screen near you soon.

Following on from Mike Hill’s post last month a number of banks we are speaking with are talking (or in social media speak, “tweeting”) about incorporating some form of social media sentiment and correlation analysis as a predictive indicator within their trading platforms – to uncover hidden trading opportunities.

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