Boston, Massachusetts (PRWEB) December 28, 2012
After breaking its own social media records, daily forex signals provider ITM Financial announced that it will start offering a US Stock Market version of its software on January 1, 2013.
The stock market version of the software has been in development for over three years, about the same time when their forex software was launched. The stock market screening software uses social sentiment indexing which uses information from Facebook, Twitter and Google search result volumes for "tells" regarding movements in the stock market.
By harnessing the popularity and reach of social media, the Boston-based start-up provides its subscribers with reliable forex signals by which to base their investment decisions. Using sophisticated Text Analytics and Pattern Classification technology collected from social networks like Facebook and Twitter, the company provides a wider picture of how the financial market will play out as compared to getting analysis from just a few industry experts.
With the launch of the stock market screening software, ITM Financial hopes to replicate its success in providing forex signals. Review conducted by third party site MyFXBook confirms that the forex signal provider produces 60% returns for investors.
ITM CEO Curt Dalton explains that the launch of a US Stock Market version of their forex signal software is just a natural progression for the start-up as social media continues to expand its reach and influence across different demographics.
“With the introduction of our new software, we expect to lift another barrier that keeps people from investing in stocks. Just as forex signals have made the currency market accessible to ordinary individuals, we expect our new software to help more people consider the advantage of investing in the stock market,” Dalton adds.
Dalton also revealed that another software specifically programmed for the European stock market is now in development.