Bloomberg adds Twitter to service

Bloomberg L.P. announced Thursday that it is the first financial information platform to integrate real-time Twitter feeds into its service.

Bloomberg Professional service subscribers can now monitor and analyze real-time Twitter updates issued by corporations, executives, government officials, economists, commentators, media outlets and other voices that can influence the financial markets.

Bloomberg classifies tweets by company, asset class, person and topic so that institutional investors, traders, corporate executives and government agencies to track updates related to a specific industry or market, their portfolio holdings or an online personality. In addition to searching and tracking relevant financial tweets, users can also create alerts to monitor for unusual bursts of social media chatter about a company.

“When important news is shared on Twitter, traders and investors need to be able to access it, and validate its importance in order to incorporate that information into their decision making process,” said Jean-Paul Zammitt, head of sales and product development for the Bloomberg Professional service, in a statement. “Bloomberg’s platform now provides this ability, along with the high-quality news, data and analytics our users need and have come to expect from us.”

Read more here. The announcement comes just one day after the Securities and Exchange Commission began allowing companies to post news using social media such as Twitter.