Thomson Reuters Launches Portal to Track All the Talk About Bitcoin
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Thomson Reuters Launches Portal to Track All the Talk About Bitcoin

Thomson Reuters will be launching a new version of its MarketPsych Indices: version (v3.0). This version will be in conjunction with a behavioral economics research firm MarketPsych Data LLC. The new version will have its first sentiment data feed for Bitcoin, as well as, improved market sentiment data for quite a lot of asset classes, new user capabilities, and additional coverage.

More than 400 informational websites and social media which include a collection of websites which are specific to cryptocurrencies were also added to the feed with a vision to be scanned and monitored in real-time. This would also help to understand up-to-date market-moving sentiment and themes.

“News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading,” noted Austin Burkett, global head of Quant and Feeds at Thomson Reuters. “As the financial marketplace rises in complexity, so too does the need to provide our clients with not only the relevant data, but the tools to help them manage and analyze that data. MarketPsych 3.0 helps deliver another layer of analysis and value-add in the investing process.”

Keeping an eye out for market chatter and analyzing online sentiment has proven to be quite popular between traders who deal in traditional assets. The sudden rise in cryptocurrency prices in the last few years has prompted the online industry quickly, wherein the individuals exchange trading ideas on forums and news websites report on the most recent development in the industry.

Thomson Reuters integrated Bitcoin price data to its financial desktop platform known as Eikon back in 2014. Reuters gives a very clear cross-asset insight into traditional and new asset classes like cryptocurrency. At present, it displays prices for Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. Additionally, Eikon also contains MVIS indices that are contributed by Cryptocompare, CBOE, and Bitcoin futures by CME Group.

Bitcoin’s price went up by more than 1,300 percent last year as investors started adding up on its list. Bitcoin reached its peak at $20,000 in December and since then has lost more than half of its value.

Tanuja Thombre
Tanuja Thombre
A Soft Skills and Behavior Trainer by passion and profession, with 8 years of experience into Mortgage Banking sector. Currently I am working as a Training Consultant and I cater to the training needs across various industries. This also allows me to interact with, train and learn various aspects of human modes. Adorned with certifications from various institutes like Dale Carnegie & Steven Covey. I have a natural instinct for writing; every once a while, a Blog, a short article and in the future I plan to author a Book. When it comes to writing, I believe there is seldom anything as appealing as Simplicity.

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