Derwent Capital Markets
| Company type | Ltd |
|---|---|
| Founded | 2008, United Kingdom by Paul Hawtin |
| Headquarters | Berkeley Square, London (Registered Office) London (Head Office) |
Key people | Paul Hawtin - CEO and Founder |
| Products | Derwent Absolute Return Fund aka "Twitter Hedge Fund" |
| Website | www.derwentcapitalmarkets.com |
Derwent Capital Markets was a pioneer in the use of social media sentiment analysis to trade financial derivatives.[1] The company was founded in 2008 by co-owner Paul Hawtin. Derwent Capital Market's registered office is in London.
In February 2011 Derwent Capital Markets launched a hedge fund using Twitter for investment direction.[2] An academic study by Johan Bollen (Indiana University), Huina Mao (Indiana University), and Xiao-Jun Zeng (University of Manchester) established the connection between emotion-related words appearing in Twitter posts and subsequent movements in the Dow Jones Industrial Average.[3]
In May 2013, Paul Hawtin, the Founder of Derwent Capital Markets launched Cayman Atlantic [1], an investment management firm that uses real-time social media data such as Twitter to find valuable trading opportunities.
As of December 2017, the website no longer functions and the company has been struck off.
References
- ^ "Derwent Capital Markets".
- ^ Jordan, Jack (December 22, 2010). "The Hedge Fund Tracked Twitter to Predict Stock Moves". bloomberg.com. Retrieved 2010-12-29.
- ^ Johan Bollen; Huina Mao; Xiao-Jun Zeng (2010). "Twitter mood predicts the stock market". Journal of Computational Science. 2: 1–8. arXiv:1010.3003. doi:10.1016/j.jocs.2010.12.007. S2CID 14727513.