Derwent Capital Markets
| Ltd | |
| Founded | 2008, United Kingdom by Paul Hawtin |
| Headquarters |
Berkeley Square, London (Registered Office) London (Head Office) |
|
Key people
|
Paul Hawtin - CEO and Founder |
| Products | Derwent Absolute Return Fund aka "Twitter Hedge Fund" |
| Website | [1] |
Derwent Capital Markets is known as an early pioneer in the use of social media sentiment analysis to trade financial derivatives. The company was founded in 2008 by co-owner Paul Hawtin. Derwent Capital Market's registered office is in London.
In February 2011 Derwent Capital Markets launched a hedge fund using Twitter for investment direction. An academic study by Johan Bollen (Indiana University), Huina Mao (Indiana University), and Xiao-Jun Zeng (University of Manchester) established the connection between emotion-related words appearing in Twitter posts and subsequent movements in the Dow Jones Industrial Average.
In May 2013, Paul Hawtin, the Founder of Derwent Capital Markets launched Cayman Atlantic [2], an investment management firm that uses real-time social media data such as Twitter to find valuable trading opportunities.
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Wikipedia