13:41 EDT – Contix, a social media analytics firm, has added tracking of developments in the commodities sector to its platform, mining more than 500M social and traditional-media posts daily for alerts which may impact commodities prices. Retail and institutional clients on the platform will have access to event-detection alerts related to energy, metals and soft commodities. “The results of China’s Black Monday on global commodities is just one example of the need for real-time alerts in this market,” says CEO Ryan Bailey. (firstname.lastname@example.org; @huangplan)
Contix is the leading social media event detection platform focused exclusively on the financial services industry. Contix delivers actionable alerts on market-moving news surfaced from social media sources. The company’s unique event categorization technology clusters related news from social and traditional sources to maximize breaking news coverage and place news in market context including price, trading volume, discussion volume and sentiment. Working with both institutional and retail traders, Contix helps discretionary equities traders act on breaking news events to generate alpha.
Binna Kim, Vested