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BBVA’s New Tool Uses Twitter Sentiment to Analyze Stock Market Behavior

This post is a part of our live coverage of FinovateEurope 2013.

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The final demo for the first session today is BBVA, who showed how its tool can assess whether views of the stock market expressed in Twitter correlate with actual market behavior:

“To find out if the “market sentiment” expressed in Twitter is correlated with actual market behavior, we at BBVA have launched Stockbuzz (www.stockbuzz.es). This is a site where the user can view the sentiment that Twitter users feel on the Ibex 35 and the securities that make up the index, and compare it with their actual share price on the stock exchange. 

The website is user friendly, easily understandable and attractive. It shows graphs and data based on the information that is posted on Twitter, but also promotes interaction with this social network, as it contains a section where site visitors can leave their own messages on the analyzed stocks.”

Product Launch: December 2012
HQ: Madrid, Spain
Founded: January 1857
Metrics: 117,500 employees, over 30 countries, more than 47M customers, 900,000 shareholders
Website: bbva.com 
Presenting Jose Antonio Gallego (Head of Open Innovation) and Marisol Menendez (Open Innovation Manager)
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