SCOTTSDALE, AZ — (Marketwire) — 07/26/11 — Scientists from Indiana University and the University of Manchester recently published findings proving that social media has an 86.7% accuracy rate at predicting the stock market. Those findings spawned a variety of social media hedge fund startups.
Modulus Informatics, Inc., a Scottsdale, Arizona based company, recently announced the launch of WallStreetBirds.com, a free service that allows average investors to make investment decisions based on the analysis of social media data.
“Wall Street Birds is a free service that anyone can use. Simply go to the site, register, type in a company name and instantly receive stock signals based on social media analysis. Users are made completely unaware of the mathematical and technical complexities behind the scenes, which was our goal,” said Richard Gardner, founder of Wall Street Birds and CEO of parent company, Modulus Informatics, Inc.
A programming API is also provided for financial institutions desiring a fast track to managing funds using social media. The API can be used for developing high frequency trading systems based on the instantaneous analysis of social media data by Wall Street Birds.
The service is currently in preview status until the end of August. During that time, users can obtain an invitation code from other Wall Street Birds users to sign up for a free account at WallStreetBirds.com
Wall Street Birds is the creation of Modulus Informatics, Inc., based in Scottsdale, Arizona. Modulus Informatics is a sister company to Modulus Financial Engineering, Inc., founded in 1997. Modulus has provided advanced financial technology products and services to thousands of professional traders, brokerages, trading firms and renowned educational, governmental and non-profit institutions in over 94 countries. Actual clients include JP Morgan Chase, Bank of America, Merrill Lynch, Goldman Sachs, Barclays, HSBC, NASDAQ, Rutgers and Cornell Universities, Sungard, Microsoft and others.
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Contact:
Dennis Segato
Phone: (888) 318-3754 Ext 85
Fax: (888) 318-3754
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Wall Street Birds c/o Modulus Informatics, Inc.
9375 E. Shea Blvd Suite 100
Scottsdale, Arizona 85260
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