- Contix adds additional news engagement analytics to social media event detection platform
- Provides additional context around stocks and markets for institutional and individual traders
Contix, the leading social media event detection platform exclusively for traders, today announced the addition of “Most Discussed” stock data to the platform. Now, institutional and individual traders will be able to see engagement around stock-related social and traditional media content. This new development coupled with Contix’s groundbreaking event detection capabilities will empower traders with crucial new insights around market and stock price movements.
“By providing traders with the ability to stay on top of breaking news events as well as monitor engagement around stocks, we are empowering the trading community with the intel they need to make better trading decisions,” comments Ryan Bailey, CEO and Co-Founder of Contix.
Traders will now be able to use the Contix platform to see “Most Discussed” stocks adjacent to breaking event alerts. “Most Discussed” stocks are ranked based on the level of engagement seen on both social and traditional media around specific news and events.
Daniel Leuck, CTO and Co-Founder of Contix, notes, “Along with social media engagement metrics, event clustering and sentiment analysis, ‘Most Discussed’ paints a detailed picture of the context around events that are likely to affect the value of companies. Financial news that is trending most rapidly on social media is not always the same news that has the largest impact on a stock price. Sentiment analysis alone is often not actionable, but as a component of a broader picture that includes events, it becomes much more valuable to traders.”