RCM-X, the trading technology subsidiary of RCM Alternatives, is to incorporate and Social Market Analytics’ (SMA) Cryptocurrency Data Feed into the logic of its advanced order types and technologies.
The SMA Cryptocurrency Sentiment Feed will offer traders a first-of-its-kind tool for including social media sentiment data in their trading strategies and logic, allowing RCM-X advanced automated execution algorithms to anticipate potential market impacts driven by public media platforms.
Back in 2011, the RCM-X team was one of the first groups to write an adaptor to take SMA’s sentiment data into Strategy Studio for US Equities, and the extension into crypto is a natural progression. Over the years, SMA and RCM-X have combined efforts on practicum-based projects with UCLA’s MSFE program in the Anderson School of Business, University of Illinois MSFE program, and Carthage College’s finance programs to research and test the effects of sentiment data on trading strategies and alpha across asset classes, including Bitcoin.
“As we scale our execution and software business in both the traditional and cryptocurrency markets, including futures, it’s essential that RCM-X continues partnering with the best of breed technology and data firms,” says Joe Signorelli (pictured), CEO and Managing Partner of RCM-X. “In order to optimally leverage our latency sensitive and microstructure aware technologies, extremely high-speed sentiment feeds like those offered by Joe Gits and the SMA team will become more and more of a necessity for anyone looking to trade programmatically.”
“Artificial intelligence and Natural Language Processing are moving into our everyday lives at light speed, and perhaps into financial markets even faster than that. We feel strongly at SMA that participants in cryptocurrency markets will benefit from our unique process in this emerging field, both in its approach to filtering social media data and in the analytical methodology used to develop our proprietary metrics. We’re excited to partner with the RCM-X team to offer this service to a wide range of clients through cutting-edge and versatile products like Strategy Studio and their execution algorithms,” says Joe Gits, Co-Founder and CEO of SMA.
