Twitter Increasingly Used By Hedge Funds For Trading Clues

Wall Street could be monitoring your social media communication to develop trade ideas. Much like quantitative traders look at market pricing data to develop trading algorithms, hedge funds are now looking at social media traffic As Bloomberg and Thomson Reuters terminals add to their terminals filtered feeds from Twitter Inc (NYSE:TWTR), a group of Twitter data miners has emerged that provide analytic measurement and advice to assist hedge funds in making trades, the Wall Street Journal is reporting. Currently select larger quantitative funds are purchasing the data from the likes of Hedge Chatter, Eagle Alpha, Market Prophit and Filmmaven.  These…