Tool Wire
The Cities Are Buzzing With Twitter
Any investment banker or financial adviser in the city will vouch for the importance of good communication methods in succeeding in trading. They need to be one step ahead of the game in many respects and be tightly connected to the latest news. This information tends to come from a great deal of sources, including mediums such as press releases, business statements, cable news channels and many more. However, because the world of finance often moves faster than a speeding bullet, traders need to get the latest information from a wide variety of sources, and they need it now. Twitter is something that has been used by the masses for a few years now and according to the National Australia Bank (NAB) has recently caught the eye of traders who are using it to get info from the horse’s mouth.
Twitter is a micro-blog tool that works by people uploading ‘tweets’ which are of 160 characters or less. This obviously ensures that ‘tweets’ are not too long and focus on the key points, something that city business men find refreshing. Users within a certain niche, such as the obstruction light sector, can follow other Twitter members who they want to receive updates from, and can themselves be followed. There is very little that is still local when it comes to city trading these days and often businesses and individuals need to stay connected to lots of other people around the world, who may be working in different time zone. Twitter provides a central platform for people within different niches or medias to communicate instantly and en masse, allowing them to remain up to speed with latest news and events.
There have been some groups that have frowned upon the use of Twitter as they say it has potential to be a portal for insider trading as messages can be sent privately. Although supporters such as this cable ties business are quick to point out that this was always possible via email and the real power comes from the ability to alert hundreds of thousands of people publically, which of course can be monitored for underhanded dealings if necessary
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