BSE ties up with Sentifi to report social media updates

Top stock exchange BSE has tied up with Switzerland's algorithmic based analysis firm Sentifi to report social media updates related to 40,000 globally listed stocks.

Under the partnership, Sentifi would track, analyse and report social media messages on various stocks which would be provided on BSE website.

The information would be related to 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.

Besides, it would report on the underlying events driving market attention, most relevant and influential voices to each stock on Twitter, news and blogs.

"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," BSE managing director and CEO Ashishkumar Chauhan said.

Sentifi analyses, in real time, the public online communication of more than 60 lakh entities relevant for the financial markets.

"With an AI-based technology platform built over the past 4 years, Sentifi extracts insights of billions of information while at the same time reduce this information to a summary of a handful events and pattern of events driving market attention and valuation of stocks," Sentifi founder and CEO Anders Bally said.

Using machine and deep learning algorithms, every source is classified and scored. Further, every message is converted to financial context and ranked according to relevance.

The data would be updated round the clock on the BSE website through Sentifi platform.