Media Release
BSE partners with Sentifi for analyzing and reporting social media updates
Mumbai: Thursday, 16 March 2017: Asia’s first exchange and now world’s fastest exchange with response time of 6 microseconds is pleased to announce that BSE has tied up with Sentifi, a Swiss company and leader in algorithmic based analyses and reporting on social media updates of 40’000 listed stocks globally. Sentifi analyses in real time the public online communication of more than 6,000,000 persons and organizations relevant for the financial markets.
The following information will be available on BSE website:
ü Ranking of the most talked about stocks
ü The market attention to stocks from global voices in news and social media
ü Comparison of Market Attention and Stock Price over time
ü The underlying events driving Market Attention
ü Most relevant and influential voices to each stock in Tweets, News & Blogs
This helps investors/ readers to steer away from information overflow and listen to the most influential persons and organizations online.
Using machine learning and deep learning algorithms, every source is classified and scored and every message is converted to financial context and ranked for financial market relevance. Insights are generated and visualized through widgets. The data is updated around the clock in near real time on the BSE website through Sentifi platform.
Speaking on this occasion Mr Ashishkumar Chauhan, MD & CEO, BSE said “The primary objective is to filter out the noise and get to the most relevant messages to the investors / readers. This collaboration will be a one stop solution for accessing all companies’ information reporting social media updates”
Sentifi’s founder and CEO, Dr. Anders Bally has the vision of turning millions of stakeholders on social media into “financial market satelites”. “With an AI-based technology platform built over the past 4 years, Sentifi extracts insights of billions of information while at the same time reduce this information to a summary of a handful events and pattern of events driving market attention and valuation of stocks” Dr. Bally explains.
“Thanks to the new social media sharing culture, big data technologies and self-learning algorithms, the financial information market is in a paradigm shift providing a better understanding of Market Attention and Financial Value Drivers then ever before“
About BSE
BSE (Formerly Bombay Stock Exchange), established in 1875, BSE is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base which includes leading global exchanges, Deutsche Bourse as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation, guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of BSE, is one of the two Depositories in India.
Media Contact
Yatin Padia
022 22728516
Yatin.padia@bseindia.com