Trading positions can be hugely affected by rumour and conjecture. Without a service like Live Squawk to monitor, track, verify and predict the most influential stories, many traders find it difficult to cope with the current volatility.
London (PRWEB UK) 9 January 2013
Live Squawk, an innovative media monitoring service for traders, has proven that Twitter is fast-becoming an influential source of market-moving news. When Moody’s downgraded France’s rating from Aaa to Aa1 at the end of 2012, the news broke first on Twitter. Live Squawk’s Twitter monitoring team spotted the tweet and broadcasted the news 17 minutes before the newswires started reporting it – putting their clients in a position of being the first in the market to react.
Live Squawk is an audio news service for individual and professional traders, which broadcasts market commentary 24X5 from London and Singapore. A team of experienced analysts monitor all major newswires, websites, blogs and social media platforms. Relevant market news is verified and voice broadcasted over real-time internet streaming or dealer board systems.
Last October Live Squawk opened a new Singapore office to enable them to expand coverage of the growing Asian markets. In light of the recent success in being the first to bring their clients the news of Moody’s downgrade of France’s debt, they have since expanded their Twitter monitoring team – ensuring social media monitoring is an integral part of its operations.
Commenting, CEO and founder Harry Daniels says:
“Every delay in hearing important news can cost traders money, and trading positions can be hugely affected by rumour and conjecture. With the growing influence of Twitter as a means to communicate, market-moving news can often break here. Without a service like Live Squawk to monitor, track, verify and predict the most influential stories, many traders find it difficult to cope with the huge volatility we’ve seen since the crisis. The example of Moody’s downgrade for French debt is a case in point – 17 minutes is a long time in the markets.
Our record of backing up instant news with strong in-depth analysis on a 24-hour basis, gives our clients the tools to protect themselves in these extraordinary market conditions. As global markets remain unpredictable, I believe that our business will go from strength to strength - and social media will continue to play an important role in the commentary we broadcast to our clients.”
About Live Squawk
Live Squawk is an audio news service for traders, brokers and any financial professional who needs up-to-the-second market news. A team of experienced analysts monitor all major newswires, websites, blogs and social media platforms for news with market-moving potential, and broadcast in audio format what is most relevant.
News that has the potential to move markets may go unnoticed if a trader misses an important headline or does not understand its context. Live Squawk helps traders by digesting streams of headlines, broadcasting relevant news quickly over real-time internet streaming or IPC dealer board systems and explaining the context or significance. Only stories from credible sources or those that are gathering momentum are broadcast.
Commentary is broadcast 24X5 from London and Singapore and covers all the main asset classes, including equities, fixed income, FX and commodities.