Thomson Reuters will soon track 50 crypto assets on one of its desktop finance feeds, thanks to a new deal with market data aggregator CryptoCompare.
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Thomson Reuters Launches Real Time Rates for Six Cryptocurrencies
Thomson Reuters is launching a cryptocurrency real-time rates data feed. The new service is expected to provide “reliable, real-time information” for six digital coins across major crypto exchanges. The stated goal is to encourage efficiency and transparency for cryptocurrency investors within the global market place.
Also read: Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index
Six Cryptocurrencies Will Be Tracked
The new Cryptocurrency Real Time Rates are already accessible through a customized API interface on Thomson Reuters Eikon platform. The application is providing trading data from various crypto exchanges including Bitflyer and Bitpoint. More trading platforms will be added in the future, according to a Reuters report.
Thomson Reuters Survey Finds Increasing Interest in Cryptocurrency Trading
Cryptocurrency trading by financial firms could increase in 2018, according to a new Thomson Reuters survey, with approximately 20 percent indicating they are considering trading cryptocurrency over the next 3–12 months. The survey was conducted among more than 400 clients across all of Thomson Reuters trading solutions, including Eikon and REDI, as well as its FX platforms.
“Cryptocurrency is still a relatively small part of the trading market, but this survey makes clear this niche segment is starting to enter the mainstream of the financial services industry. This is a major change from a year ago,” said Neill Penney, co-head of Trading at Thomson Reuters, in a statement. “The most important thing for our clients is seamless access to news and data around cryptocurrencies to facilitate informed trading decisions.”
Thomson Reuters Now Tracking Bitcoin Sentiment
Thomson Reuters is set to track and analyze mentions of Bitcoin – the dominant cryptocurrency by market capitalization – across hundreds of social media and news websites.
Mainstream Analysis
Canadian multinational mass media and information firm Thomson Reuters is to track and analyze conversations about Bitcoin across hundreds of news and social media websites, in an effort to help keep investors interested in the dominant cryptocurrency ahead of the curve.
As reported by Reuters, this analysis will come in the form of a new version of the company’s MarketPsych Indices, which Thomson Reuters operates alongside behavioral economics research firm MarketPsych Data.
Thomson Reuters Is Using Your Feelings About Bitcoin to Make Investors Rich
Thomson Reuters has launched a bitcoin analysis product that uses AI to analyze how industry insiders feel about the cryptocurrency.
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