The BSE has tied up with Sentifi, a Swiss company and leader in algorithmic-based analysis, for social media updates of 40,000 globally listed stocks. Sentifi analyses in real time the public online communication of more than 60 lakh persons and organisations relevant to the financial markets, the bourse said in a release.
Under the partnership, Sentifi would track, analyse and report social media messages on various stocks which would be provided on the BSE website. This helps investors/readers to steer away from information overflow and listen to the most influential persons and organisations online.
“The primary objective is to filter out the noise and get to the most relevant messages to the investors/readers. This collaboration will be a one-stop solution for accessing all companies’ information available on social media,” the BSE MD & CEO Ashishkumar Chauhan said in the release.
The BSE website will publish the ranking of the most talked about stocks, the market attention to stocks from global voices in news and social media, comparison of market attention and stock price over time, the underlying events driving market attention, and the most relevant and influential voices to each stock on Twitter, news and blogs.
“With an AI-based technology platform built over the past four years, Sentifi extracts insights of billions of (pieces of) information (and then) reduces this information into a summary of a handful of events and pattern of events driving market attention and valuation of stocks,” Sentifi founder and CEO Anders Bally said.
The data would be updated round the clock on the BSE website through the Sentifi platform.