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Alternative Data

Alternative data can help you think outside the box when it comes to making trades. We provide you with the insights you need to try and get ahead of the market.

What is alternative data?

You’d never go blind into a trade and know how important it is to weigh up financial market data before making an investment. These all-important insights usually come from traditional sources, like financial statements, and while undoubtedly useful, ultimately only provide you with a few chapters of the story. This is why alternative data has become so valuable to traders keen to make a profit. 

By moving away from traditional data sources and looking for insights elsewhere, you can gain a much clearer picture of the financial markets and improve your chances of getting ahead.

Where does alternative data come from?

Unlike traditional data which is often reported by the company itself, alternative data is typically acquired from independent sources. The means of doing this has changed significantly over the years. Financial analysts once resorted to unusual metrics to measure a company’s performance, like counting customers visiting a shop on a certain day. Thankfully things are much more sophisticated nowadays where traders can quickly access in-depth online analysis.

How does Trade Nation’s alternative data help traders?

Here at Trade Nation, we focus specifically on social media - an incredibly valuable type of alternative data. What does this have to do with trading you ask? Just think about how often stories and speculations circulate on social channels before traditional mainstream news outlets. These developments may not seem immediately useful, but the beauty of alternative data is its ability to make you think outside the box. Once you delve into the details, you could profit from an early insight that the market hasn’t yet clocked on to.

Our traders can harness the power of social media to their benefit.

To help you make the most of social media, we’ve developed Smart News. This exclusive system harvests all financial market news in one place, making it easy for you to identify the specific threads that apply to your trading interests. Use Smart News to follow our curated news feeds while also creating and customising your own channels in line with your market watchlists.

Then we highlight specific insights to give you a trading advantage.

Our unique cross-referencing method enables us to quickly connect social media data to specific financial events, such as central bank meetings and economic data releases. We analyse this in real-time and pick out significant anomalies that may provide new insights into the markets.

Like what you see?

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Financial spread trading comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread trading works and whether you can afford to take the high risk of losing your money.