Contix Bows Social Media Alerts for Commodities

The vendor will provide alerts based on social media mentions of a range of commodity types.

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Contix, which provides alerts and event detection based on real-time analysis of social media, has expanded its asset class coverage to include commodities in addition to its existing equities coverage, in response to client demand.

Contix will now be able to provide institutional and retail commodities traders and investors with alerts on agriculture and meats, base and precious metals, and the oil and gas markets.

"Our trading clients had expressed strong interest in commodities event detection, in addition to the equities markets. With the amount of data related to commodities flowing through both traditional and social media, Contix can add enormous value to any institution with commodities exposure by surfacing the earliest mentions of valid market-moving news to the trader, as soon as news occurs," says Contix chief technology officer Daniel Leuck.

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