Ties Stays

Staying Connected In The Financial Markets With Twitter

Communication is clearly the life blood of any trading organisation, you only have to ask anyone in the city to realise this. It is vital for them to have open channels of communication with others and be connected to the latest business information. This information tends to come from a great deal of sources, including mediums such as press releases, business statements, cable news channels and many more. There is however an ever-increasing demand for information to be supplied and received faster and more readily. The social media platform Twitter is now a tool that is being used by many traders to keep up with business knowledge according to the National Australia Bank (NAB).

Twitter has been termed a ‘micro-blogging’ entity, where people are limited to posts of 160 characters. This keeps the ‘tweets’ short and concise, “which is what traders like” says Henry Allan of the London Lite Trading Group. Users within a certain niche, such as the obstruction lights sector, can follow other Twitter members who they want to receive updates from, and can themselves be followed. The financial sector operates in a global market these days and people need to be able to stay in touch with lots of different people who are in different countries and different time zones. This is made possible via Twitter, which allows various information and media outlets to communicate and feed off each other, often supplying information as it develops and without bias.

There have been some groups that have frowned upon the use of Twitter as they say it has potential to be a portal for insider trading as messages can be sent privately. Although supporters such as this cable ties business are quick to point out that this was always possible via email and the real power comes from the ability to alert hundreds of thousands of people publically, which of course can be monitored for underhanded dealings if necessary

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