Derwent Capital Markets
|Founded||2008, United Kingdom by Paul Hawtin|
|Headquarters||Berkeley Square, London (Registered Office)|
London (Head Office)
|Paul Hawtin - CEO and Founder|
|Products||Derwent Absolute Return Fund aka "Twitter Hedge Fund"|
Derwent Capital Markets was a pioneer in the use of social media sentiment analysis to trade financial derivatives. 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. 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.
In May 2013, Paul Hawtin, the Founder of Derwent Capital Markets launched Cayman Atlantic , 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.
- "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.
- Derwent Capital Markets official website