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Thomson Reuters includes bitcoin sentiment data feed in TRMI v3.0
Global media giant Thomson Reuters has announced the launch of bitcoin sentiment data feed.
Through its partnership with MarketPsych Data, the company has rolled out a new version (v3.0) of its MarketPsych Indices (TRMI) which includes its first sentiment data feed for bitcoin. Launched in 2012, TRMI 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.
According to the official release, more than 400 news and social media sites, many specific to cryptocurrencies, have been added to the feed.
“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.”
In addition to bitcoin sentiment data feed, TRMI v3.0 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.
Thomson Reuters’ flagship financial desktop platform Eikon currently provides prices for a number of digital currencies including Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. It also carries MVIS indices contributed by Cryptocompare and CBOE and CME Group’s bitcoin futures.