Media giant Thomson Reuters, owner of Reuters News, has released a new version of its MarketPsych Indices (TRMI), which includes a sentiment data feed for bitcoin.
Launched in 2012, TRMI, which runs in conjunction with MarketPsych Data LLC, analyzes news and social media in real-time across 2,000 top global news sites and 800 global financial social media sites and converts them into manageable information flows that can help drive investing decisions and risk management across asset classes.
The new version, Marketpsych 3.0, is designed to give investors greater insight into potential future price movements of bitcoin. It has added more than 400 news and media sites related to cryptocurrencies. Each site is scanned and scored in real-time to capture market moving themes and sentiments.
Marketpsych 3.0 also includes expanded sentiment coverage of national fixed income securities and stock market indexes for the top 61 global economies and the Eurozone. Coverage was also further expanded in the currencies, countries, and agricultural commodities asset classes.
“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,” said Austin Burkett, global head, Quant and Feeds, 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.”
Thomson Reuters provides transparent cross-asset insight into both traditional and new asset classes like cryptocurrencies. In 2014, Reuters integrated bitcoin price data to its financial desktop platform Eikon. Currently, it presents prices for bitcoin, ethereum, Litecoin, Ripple and Bitcoin Cash. Eikon also carries MVIS indices provided by Cryptocompare and CBOE and CME Group’s bitcoin futures.
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