ALASA

ALASA is a market sentiment platform developed by Advanced Logic Analytics, a financial technology firm, that aggregates financial news and social media and applies proprietary algorithms to produce sentiment scores for tradable assets^[1]. The company states that ALASA covers more than 175,000 assets including stocks, forex pairs, indices, and commodities^[1].

The product was publicly unveiled in July 2018 as a market sentiment tool for traders^[2]. It is offered in enterprise form, desktop application or API feed for banks and trading firms, and in consumer versions including a mobile app and a Stocktwits subscription^[1].

What It Does

ALASA functions as a financial news aggregator with sentiment analysis, providing early indication of influential events before they impact markets, according to the company^[1]. It produces directional bias and daily sentiment scores per asset, combining what the company describes as expert signals with crowd wisdom for financial predictions^[1].

Data and Methodology

The platform analyzes market news and social media using proprietary scoring algorithms^[1]. Its sentiment API feed is described as aggregating data from more than 6,500 news sources with over 150 million historical sentiment scores; the enterprise desktop product offers historical scores going back to January 2014^[1][3]. The company publishes empirical validation models based on the Capital Asset Pricing Model and Cumulative Abnormal Return methodologies^[1].

Products and Delivery

Delivery options include an enterprise desktop solution with full functionality across worldwide financial instruments, an API feed for integration into client systems, a mobile app with tiered stock-watch subscriptions, and a Stocktwits subscription product^[1][3]. Instruments covered include futures, ETFs, indices, mutual funds, currency pairs, bonds, and warrants^[1].

Buyers and Use Cases

Enterprise customers are banks, investment firms, and trading companies that deploy ALASA across multiple workstations to incorporate sentiment into trading workflows; retail-oriented products target professional and individual investors analyzing sentiment on their portfolios^[1]. The vendor describes its analysis as used by quantitative traders and trading firms in live environments^[3].

History

Advanced Logic Analytics unveiled ALASA via press announcement on July 31, 2018, with Managing Director Nick Ellis describing the tool as supporting traders by tuning into the sentiment of the entire market^[2]. The firm's site materials are copyrighted from 2017 onward^[1].

More datasets from ALASA

ALASA lists 1 datasets on this encyclopedia. The most representative listings:

More about News & Sentiment

News & Sentiment is one of the signal families covered by The Alternative Data Encyclopedia, with 38 providers and 172 datasets listed in the register. For how the signal is generated, its caveats and the compliance considerations, and the full provider list, see the category article.