@ltoomre @mrkwpalmer @ltabb @johnjcoulter @kw2dio The #SIFMA edition:

Since March, I’ve been posting #FollowFriday posts on my blog, highlighting people that I find interesting. Often, these posts focus on specific groups of people; friends from Connecticut, Connecticut news outlets, political activists, people doing interesting stuff in online marketing, and so on. This week, I’m highlighting a few people doing saying interesting things about financial markets.

As is my standard, I write it as a blog post, so people can get additional information on why I am following these people, and TwitterFeed sends the key part to Twitter.

@ltoomre – I have known Lars since the 1980s when we worked together at Lehman brothers. We have worked together on and off ever since then. I first started using Twitter back in October, 2006 and in March, 2007, I wrote a blog post for the Toomre Capital Markets website entitled Web 3.1: Real Time Enterprise Internet Presence. I wrote about Twitter and how “More and more, the data is becoming real-time”. I ended my post by suggesting “System which provide real time processing of events, like Streambase, Coral8, and Apama may become key components of a Web 3.1 architecture, but they may have some difficult enhancements to develop to get there and some very smart thinking to figure out how to take advantage of it.” Well, Wednesday, Streambase has announced that they have connected their stream processing engine to Twitter.

At the SIFMA show, I asked people from Streambase for details of how they are connecting and what people are doing with these connections. The details were sketchy, but I did hear that some algorithmic trading firms are using signals from Twitter to stop automated trading of specific stocks if there is a spike in buzz about the stock on Twitter. This makes a lot of sense and I’m glad to hear that Streambase is now talking about their Twitter Connector

With that, the second person that I list for FollowFriday is @mrkwpalmer. Mark is CEO of StreamBase. In the Streambase press release, they also referenced Larry Tabb of the TABB Group. He tweets as @ltabb and is probably worth following as well.

@johnjcoulter of Vhayu, a competitor of Streambase, also posts on Twitter and tweeted about the SIFMA show and complex event processing. I’m not sure that he really understands what is going on with CEP and Twitter, which seems a bit surprising. In one message, he wrote “Factoring Tweets into trading algos is so dangerous its nonsense.” It seems like ignoring non-technical market signals, such as the buzz around a stock, whether it is buzz on the floor, or buzz on Twitter is dangerous nonsense for algorithmic traders.

One final person to add to this week’s FollowFriday is @kw2dio. Lars and I have worked with Dio in the past on financial services related projects. He seems to be spending more of his time on photography these days, but he is another person that should be followed.

So, that’s it for this week’s FollowFriday.

(Cross posted at the Toomre Capital Markets website.)