letstalkfx
DESCRIPTION
Moving from the physical trading floor to a virtual trading floor -- how social media has changed the financial markets.TRANSCRIPT
@allanschoenberg @CMEGroup
The Original Social Network
*Brian Solis
The Social Trading Floor
Loyalty: Build on service; go to your customers
Advocacy: Educate and maintain support
Brand enthusiasm: Turn followers into “fans”
Why Does Social Matter?
Monitor: Issues management in real time
81% of people in the financial sector see Twitter as the most important social network for their organisation, compared to under 50% for LinkedIn and Facebook.*
Nearly 60% of those working in financial services think that their industry has so far not been effective in utilising social media.*
One quarter of respondents are daunted by the volume of traffic on social media and how to monitor and manage it.*
38% of respondents are concerned by social media because of a lack of time and resource dedicated to it.*
*Cicero Consulting (http://www.cicero-group.com/wp-content/uploads/2012/01/Cicero_SoMe_Report_200112_Web.pdf)
Our History of Using Social
Private groups; corporate page; focused on customers, jobs
Discussions on timely topics
Search and search engine optimization
Thought leadership – people and topics
Repository of industry info; content provider
Real-time news aggregation/intelligence; relationships
Branded video content; media interviews
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The Content Challenge
• Discovery: How do we find/share valuable social media content?
• Verification: How do we make sure we can trust it?
• Delivery: How do we turn that content into value for our audience – online, offline and via mobile?
Rules of Engagement
• Listen: We are awash with data
• CRM: Salesforce.com changes the game
• Integrate: It’s not a silver bullet
• Intelligence: Everything will move in real time
• Risk: It’s real; manage it