Market Prophit Empowers Investors with First-of-its-Kind Financial …
Xignite Market Data Cloud Integral to Social Media Investment
Performance Measurement Service
Xignite,
Inc., the leading provider of market
data cloud solutions, today announced that Market
Prophit, a New York-based market intelligence provider serving
individual and institutional investors, is using Xignite real-time
market data to provide context to the their proprietary
indicators, including their Market Prophit Scores (MPS), Market
Prophit Ranks (MPR), and Crowd and Market Prophit sentiment signals.
Market Profit’s web-based system, formatted for easy use on smart phones
and tablets (with mobile apps planned for the future), is currently in
free beta. The system analyzes stock-related conversations in social
media and generates meaningful sentiment and buzz metrics for retail and
institutional clients. A case
study on the Market Prophit solution is available.
Market intelligence has always been of prime importance in the
investment arena. Once difficult to obtain, information and
recommendations now abound in the era of social media. The challenge for
both individual and institutional investors today is being able to cut
through the “noise” within the ongoing social media chatter to determine
those market mavens worth following. Utilizing big data analytics,
sophisticated natural language processing and quantitative algorithms to
power their proprietary tools, Market Prophit’s signals help
significantly reduce the noise while quantifiably identifying the mavens
in the crowd with the highest quality of information about the stocks
and business sectors that the investor cares about.
“Market Prophit quantitatively ranks financial bloggers based on the
accuracy of their stock calls and track record of predictions,” says
Founder and CEO Igor Gonta. “Our mission is to empower every investor
with real-time intelligence into what’s moving the market by organizing
and quantifying global financial-related conversations. We aim to be the
trusted source of rankings of anyone on social media with financial
opinions.”
Contacts
Xignite, Inc.
Kerry Langstaff, 650-242-4466
[email protected]
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Market Prophit Empowers Investors with First-of-its-Kind Financial …
