You just can't keep a mildly amusing idea of (at best) questionable value down.
Remember Derwent Capital Markets? The hedge fund that spent six months talking up its hedge fund that invested based on what people were saying on Twitter, launchedit and then shut it down a month later because the idea was just too good to waste on a hedge fund?
Well, it's back, with an online trading platform, a new-and-improved proprietary model which does not, like its old-fashioned hedge fund, limit itself to Twitter, but also allows Facebook users and other social media mavens to weigh in.
The platform, called DCM Dealer, will offer retail investors the ability to trade equities, foreign exchange and commodity contracts using a real-time sentiment tool based on data produced by Twitter Facebook and other social media channels. The tool will apply a sentiment rating of between 0 and 100 on each asset traded on the platform; 0 will represent a very negative attitude towards the instrument and 100 a very positive sentiment.
What's your sentiment on DCM Dealer?
Twitter trading platform set for launch [Financial News]
DCM Capital Starts Trading Venue Mining Twitter Sentiment [Bloomberg]
Twitter Hedge Fund Goes Silent [FINalternatives]