Representatives of the media resource Thomson Reuters announced the launch of tracking TOP-100 cryptocurrencies and their mood.
The launch of the cryptocurrency analyzer was made possible thanks to the cooperation of the information resource with the team of MarketPsych Data LLC. In March Thomson Reuters added the Bitcoin tracking function to the MarketPsych Indices service (TRMI), which processes data by scanning more than 400 news resources related to cryptocurrencies.
The new package TMRI Cryptocurrency Sentiment package (TRMI 3.1) will monitor over 2,000 news sites and 800 thematic pages in social resources for the purpose of tracking trends for 100 leading digital currencies.
Pradeep Menon, head of investment and consulting at Thomson Reuters, noted that the addition of an algorithm that allows analyzing data for the TOP-100 cryptocurrencies to an existing crypto-functional will enable the company to provide its users with invaluable data that can help in making important strategic investment decisions.
Also, the launch of Thomson Reuters REDI announced, an advanced system for managing the execution of transactions with different types of assets. It is noteworthy to mention that users can support the trade of Bitcoin futures from CBOE and CME Group.