Vigil - Call for beta testers

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Vigil is a real-time news alert system for Commodity, FX and Equities traders, mapping clusters of individuals describing unfolding unforeseen events, using Geolocation information within unstructured social data - in other words we can alert traders to unforeseen events (terrorist attacks, earthquakes, political upsets, traffic jams, freak weather, riots, events involving public figures) earlier than traditional news organisations, a phenomena that can be exploited for trading advantage

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Vigil - Call for beta testers

  1. 1. flux[x] flux[x] adventures - VIGIL A geolocation based alert platform for professional traders[x] fluxx adventures
  2. 2. flux[x]Vigil – what it will be / “A real-time news alert system for Commodity, FX and Equities traders, mapping clusters of individuals describing unfolding unforeseen events, using Geolocation information within unstructured social data” In other words… / Often “social sensors” (people who are Tweeting, or using Facebook / YouTube etc) talk about unforeseen events (terrorist attacks, earthquakes, political upsets, traffic jams, freak weather, riots, events involving public figures) earlier than traditional news organisations, a phenomena that can be exploited for trading advantage[x] fluxx adventures
  3. 3. flux[x]Where did the idea come from? / In 2011 we were involved with a large piece of social analytics research for a global ETF provider / During the course of that research we discovered evidence of commodity traders mining Twitter for alpha by following farmers and mining engineers / Further research validated the idea of piggybacking on this behaviour by creating a technology to facilitate and support it[x] fluxx adventures
  4. 4. flux[x]Why now? / Volume of data  Social / environmental – significant rise in micro blogging (Twitter usage) and real time news sharing (Facebook)  Increase in academic research focused on social alert system since early 2011 / Data & cloud affordability  Full data “firehose” now available in manageable – and affordable chunks (GNIP and more recently Datasift)  Cloud & cheap compute – quantity of data (3,500+ tweets a second) requires large amounts of storage and compute / Quality of data  “Internet of things” – sensors in cars, road, buildings and on people will increase the richness of the data we can use in the future  The rise of smartphones has lead to a corresponding rise in geolocation information in social data (around 5% and rising fast) / Finance community interest  3 years ago social data wasn’t taken seriously – now use of unstructured data & complex event processing is seen by many as the new basis of a trading edge[x] fluxx adventures
  5. 5. flux[x]Real Time Alerts Pre-empting News / Geopolitical events • Working with a governmental client we saw leading indicators spike after the Tunisian "Burning Man“ incident, giving clear warning of the “Arab spring” and its impact on oil prices / Natural disasters • In Japan, Tweets recorded seismic activity 5 minutes, 40seconds before even the JMA (Japan’s official earthquake early warning system) identified it – saw a 7% fall in Toyota’s share price (amongst others) / Celebrity news • In the case of Whitney Houston death, Tweets reported the events 27 minutes before AP – lead to a 5% rise in Sony’s share price[x] fluxx adventures
  6. 6. flux[x]What will Vigil look like?[x] fluxx adventures
  7. 7. flux[x]Top line technical architecture Social Firehose Vigil Client networks management System trader Account location lookup API 100,000 keywords Data reception – Browser language, locati pCluster Datasift interface on and temporal dB parse Cluster Content put threshold is into “holding” achieved and pattern, awaiti alert is ng delivered “Firehose” confirmation >10,000 pieces triggers of content a second Keyword mng. & dynamic base lining[x] fluxx adventures
  8. 8. flux[x]Target Market / Core market  Corporate traders, highly liquid and news sensitive markets: / FX / Commodities / Equities  Quant hedge funds / Traders @ FS firms / Secondary market  Independent professional traders / In trading categories (FX / Commodities / Equities)  Semi professional / As a feed or app into spread betting platforms[x] fluxx adventures
  9. 9. How we develop product – the lean flux[x]methodology / Lean is a rapid, agile and cost effective way to test the key assumptions on which a new business rests / We don’t create a full version of a product first off / Instead we build Minimum Viable Product (MVP) - a controlled experiment into customer desirability / When we have proof a product is desirable, feasible and viable – then we move to formal production / For an explanation of the process click here[x] fluxx adventures
  10. 10. flux[x]Beta testers / The lean approach relies on a proportion of beta tester being prepared to help develop products early on in their development in return for  early access to new proprietary technology  preferential rates  the PR and marketing edge of being first / We will be working closely with beta testers asking for detailed feedback on what is working within the system – and what isn’t[x] fluxx adventures
  11. 11. flux[x]Vigil trials / A first version of the Vigil platform will be available late summer / The platform will be web based with alerts delivered via the browser and SMS / Clients who wish to use the system will be asked for  a contribution to the hardware and data costs for their implementation  a 6 month contract providing rights to use the prototype  corresponding commitment to provide feedback to the Adventures team on the product[x] fluxx adventures
  12. 12. flux[x]Why you should get involved / Access to a platform that potentially offers a significant trading edge using data few people in the market currently use / Preferential rates on the system once the product is full fledged / The satisfaction of being involved, at the earliest possible stage, of a potentially ground-breaking piece of technology[x] fluxx adventures
  13. 13. flux[x]We hope you’ll join us as a beta customer / We will work exclusively with a single client in each asset class / All our work is covered under stringent confidentiality agreements / If you are a professional trader and would like to use the prototype of Vigil – then please drop me a line mark.bjornsgaard@fluxx.uk.com[x] fluxx adventures

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