Thomson Reuters creates Bitcoin sentiment monitor
Written by Mark Evans
Thomson Reuters and MarketPsych Data have launched a new version of their TRMI product including a sentiment data feed for Bitcoin. Surveying more than 400 news and social media sites, many specific to cryptocurrencies, the sentiment monitor coves a variety of financial data, but the focus on Bitcoin and cryptocurrency is seen as a first.
“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 market-place 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 analyse that data.”