Contix: Acting on breaking news
Elevator pitch: Contix is a leading social media event detection firm that mines the earliest mentions of breaking news for retail and institutional traders.
Year formed: 2012
Number of employees: 30
Stage: In revenue
Notable investors: Not disclosed
Brief description of the company: Contix is the leading social media event detection platform focused exclusively on the financial services industry. Contix delivers actionable alerts on market-moving news surfaced from social media sources. The company’s unique event categorization technology clusters related news from social and traditional sources to maximize breaking news coverage and place news in market context including price, trading volume, discussion volume and sentiment. Working with both institutional and retail traders, Contix helps discretionary equities traders act on breaking news events to generate alpha.