BRUSSELS (December 16, 2014): The European Commission has given its green light to the potentially game changing SSIX project and today PERACTON has signed the contract!
Financial players who take themselves seriously would better watch this one. SSIX is an EU project that will boost trading and investment capabilities as it will show the financial world how to deal with the social media big data conundrum. Out with sieving through endless pieces of information coming from financial newspapers to 21st century trade blogs, and in with letting SSIX do all the hard work for you! By extracting relevant and valuable economic signals in a cross-lingual fashion from the vast variety and increasingly influential social media services such as Twitter, Google+, Facebook, StockTwits and LinkedIn, and in conjunction with the most reliable and authoritative newswires, online newspapers, financial news networks, trade publications and blogs, SSIX will create a technology that takes the pulse of the market where it is: people! This pulse will be hooked into advanced financial analytics by PERACTON to sharpen the decision making results.
Project kick-off in 2015!