The new US President’s well-known tendency to speak his mind has led a UK fintech company to create a Trump stock trading alert app
As President Trump gets sworn into office, some in the technology and investing world have turned their attention to how the new president can be effectively managed. Because of his well-known tendency to speak his mind and ruffle markets, London-based Trading.co.uk has launched an Trump stock trading alert app that will make it easier for traders to keep track of Trump in real time. The app sends alerts based on comments made on social media by Donald Trump.
Trump is the first President to use Twitter and social media to comment freely on just about every topic. His tweets have previously caused major variations in stock markets and led to fluctuations in the US dollar.
According to the company’s Chief Executive, Gareth Mann, the app will make use of artificial intelligence to search through social media posts and messages in efforts to determine comments that are likely to move markets, Reuters reported. The app will then send out appropriate warnings to investors about potential moves in stock prices.
“It is impact analysis,” he said. “We can let you know when Trump tweets. We can let you know when he mentions a particular stock, or when he mentions a stock and a country. But if he just says he’s riding on a Boeing 747 the system will do nothing.”
Trading.co.uk is one of many companies using big data analysis to process millions of messages and tweets posted online to generate warnings and stock tips. The company is well-known in the investment space. Its Pulse technology assesses millions of financial signals across the world every day to help deliver deeper market insights that support traders. They will be hoping that the Trump stock trading alert app helps keeps their customers ahead of the crowd.
More Here [reuters]