Deutsche Börse has enhanced its market surveillance technology by integrating social media monitoring services from Stockpulse. This advancement marks a significant step in the exchange’s ongoing commitment to improving market integrity.
The integration involves Stockpulse’s technology being incorporated into the Scila surveillance system, which Deutsche Börse has relied on for over a decade. Stockpulse, a German data analytics firm, specializes in processing quantitative social media data through artificial intelligence. With this integration, Deutsche Börse becomes the first major exchange to utilize such technology for monitoring its cash and derivatives markets.
The combination of Stockpulse’s capabilities with Scila’s system aims to provide near real-time analysis of social media, thereby bolstering the detection and prevention of market manipulation and fraudulent activities. Deutsche Börse’s surveillance team will now have access to a broad array of data streams, encompassing over 70,000 equities and numerous cryptocurrencies. This includes near real-time news feeds, buzz metrics, and sentiment analysis, all updated periodically.
Andreas Mitschke, head of trading surveillance at Deutsche Börse, remarked, “Incorporating social media monitoring into our surveillance toolkit via Scila’s platform has been invaluable. The ability to correlate trading patterns with social media activity equips our team with essential context for investigating potential market abuse.”