Pierce Crosby is the Director of Business Development and Revenue Strategy for StockTwits from the New York HQ and is a mentor to several financial technology companies in New York. Previously, he worked in research for Breakingviews, the financial column of Thomson Reuters. He received an M.S. degree from Columbia University’s Graduate School of Journalism, and a B.A. from University of California, Santa Cruz.
Social Trading – Developing Signals from Social Sentiment
StockTwits is the largest independent social network setup for investors and traders to talk about investing. In addition to covering 8,300 stocks per year, the network also discusses 1,500+ alternative assets, including FX, futures, fixed income, privative companies, ETFs/indexes, and cryptoassets. With a dataset that stretches back to 2009, the network becomes a rich dataset for both quantitative investing as well as model development. In this talk, we will discuss the methodology behind developing an NLP-based social signal, as well as some of the academic studies run in parallel with this research. We will also discuss some of the ways in which it is being deployed in markets today.