CBOE Releases its First Social Media-Based Sentiment Benchmark
Posted: Sun Aug 14, 2016 6:17 pm
After two months of its deal with Social Market Analytics (SMA), the Chicago Board Options Exchange (CBOE), the largest U.S. options exchange, today launched the CBOE-SMA Large Cap Index (SMLC Index). SMLC Index is the first of a series of sentiment-based strategy benchmark indexes that measure short-term market momentum depending on Chicago-based SMA’s social media metrics.
Earlier in June, CBOE struck a deal to license social media data and metrics from Social Market Analytics to develop a series of sentiment-based strategy indexes. The benchmarks aim at providing investors with signals to help identify potential investments through tracking the performance of a portfolio ... (read more)