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by herge 5319 days ago
Not only for professional traders but for anyone interested in commodities. We want this tool to become the place to go to get information about the commodity market.
1 comments

I'd have some doubts about it's utility to a professional trader - they've already got a Bloomberg in front of them, which is telling them everything you can, except faster and from a wider variety of primary sources.

In my experience (which is primarily with options trading, though I've done a stint working on commodity pricing), traders aren't going to rely on a website they know next to nothing about as source of quantifiable information about the markets. Your professional commodities trader is either following their own news sources and following more specialist sources already, and their job (assuming they're not just trading flow or taking client orders) is to turn those sources (along with their own analytics) into sentiment about the NDFs and Future's their trading.

Still, I think it's an interesting idea and definitely one which I'm going to poke around in and see what ideas it can inspire.

What about giving the pros the ability to upload their own documents (and remain private) for BullBear to analyze and report? Also, what about the ability to customize which source of information the system process and which weight each source receive in the bullbear index calculation?

These are all ideas we have on the table for the near future.

If it could do things like that, then maybe selling it as a product that a company can plug their own sources into and let your algos do the crunching and analysis and present the data could be a good move.