Jan 1, 2018
Analysts and traders are flooded with information on
stocks, funds and market volatility. It becomes difficult to
read through the noise to discern which news and rumors are
reliable or actionable. An oversaturation of irrelevant news across
multiple platforms cost hours sifting through content that doesn’t
lead to higher returns on trades. Most traders are working with
simple and outdated news filters that aren’t complex enough for big
data. Most data analytics don’t have sophisticated AI-algorithms to
cancel out noise that isn’t impactful.
Accern increases trader’s earning potential roughly 90% over
extended use while saving thousands of man-hours sorting through
news data. Accern consolidates existing news subscriptions
feeds from news sites, blogs, social networks into a
centralized news platform to curate the most relevant financial
content. Accern works with firms and users to understand
their interests to build a custom news channel for them.
Having cut his teeth as a trader at Citigroup, Kumesh saw firsthand
the inefficiencies that traders face daily without forward-thinking
technology. Between switching from three screens fixated on
Bloomberg Terminal, Dow Jones and Thompson Reuters and still
missing key stories, Kumesh realized there was a better way for
traders to receive actionable news alerts. His mission to provide a
competent media analytics platform for the financial services
industry was born out of those frustrations he encountered
firsthand.