October 17, 2018 | Finance Derivative | The days of reading the morning paper for stock price updates are long gone. In today’s social-first world, where speed is everything and news headlines can instantly impact share prices, traders can’t afford to wait for stories to break via traditional news sources.
Ed Oliver, Vice President of Finance Sales at Dataminr discusses how the real-time news environment has never been so complex, and events often break first on social media. You can no longer guarantee who will break news first, or who might share critical information, so staying vigilant on social media has become a necessity if you want to stay ahead of the game. Nowadays it could just as easily be a member of the public rather than a journalist, who happens to be on the ground observing an event, that breaks the scoop on social media using their smartphone.