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A Myanmar court sentenced two Reuters journalists to seven years in prison Monday for illegal possession of official documents, a ruling that comes as international criticism mounts over the military’s alleged human rights abuses against Rohingya Muslims. Wa Lone, 32, and Kyaw Soe Oo, 28, had pleaded not guilty to…
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.
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.
The announcement comes after a recent Thomson Reuters survey found that cryptocurrency trading by financial firms is likely increase this year. About 20% of 400 finance companies participating in the study are considering entering trading crypto assets within 12 months. That means that one in every five of the undisclosed businesses plans to establish direct contact with cryptocurrencies in 2018.
Pricing data for the real-time rates will cover six cryptocurrencies, not mentioned in the report. The launch of the service could be interpreted as an indication that Reuters is considering embracing the digital asset class on its own trading platforms. In December, the mass media and information giant added bitcoin cash (BCH) to Eikon. BCH became only the third cryptocurrency to list on the platform after bitcoin core (BTC) and ethereum.
The latest release comes after an announcement from CME Group which is launching a daily price benchmark for Ethereum, as reported by Finance Magnates. The service will be provided in partnership with the cryptocurrency trading platform Crypto Facilities.
Earlier this year, Thomson Reuters Corp. announced the launch of a new version of the Marketpsych Indices sentiment data feed, which includes analysis of bitcoin market sentiment. The service is provided in cooperation with Marketpsych Data LLC, as news.Bitcoin.com reported in March. 400 news and social media sites, including many specific to cryptocurrencies, have been added to the feed. Each one of them is scanned and scored in real time to ascertain market-moving sentiments and themes.
Immense Growth Highlights Strong Momentum
According to Michael Go, head of FX Market Development for Asia Pacific at Thomson Reuters, the immense growth in the cryptocurrency market in the last decade highlights the strong momentum around the new technology and the tradable asset class. “Thomson Reuters Cryptocurrency Real Time Rates enhances our rate offering and helps create a transparent and efficient global marketplace, vital to the future stability of cryptocurrency trading to support the investor,” he commented.
“As the world’s largest cryptocurrency exchange, Bitflyer has made efforts to facilitate the development of cryptocurrency markets,” said Yuzo Kano, CEO and co-founder of the trading platform. He noted that Bitflyer is the first company to obtain license to trade cryptocurrencies in Japan, the US and Europe. “We are delighted to be able to provide valuable data to customers worldwide through Thomson Reuters,” Kano added.
President and representative director of Bitpoint, Genki Oda, also expressed satisfaction with the partnership on the real-time rates. “We are pleased to cooperate with Thomson Reuters in the further enhancement of its services and hope that our data will become a benchmark for the cryptocurrency industry as a global cryptocurrency trading exchange,” Oda said.
Do you think the introduction of services like the real-time crypto rates helps the adoption of cryptocurrencies? Share your opinions in the comments section below.
Images courtesy of Shutterstock.
Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.
The post Thomson Reuters Launches Real Time Rates for Six Cryptocurrencies appeared first on Bitcoin News.
Thomson Reuters Corp has announced the launch of a gauge tracking the sentiment of cryptocurrency traders. The metric will track and examine discourse regarding bitcoin on hundreds of major social media websites and news outlets in order to estimate the majority sentiment of the bitcoin and cryptocurrency markets.
Thomson Reuters Reveals Marketpsych 3.0
Thomson Reuters Corp in partnership with Marketpsych Data LLC has announced the launch of a new version of their Marketpsych Indices sentiment data feed, which now includes analysis of bitcoin market sentiment.
The new version, Marketpsych 3.0, has seen “Over 400 news and social media sites, many specific to cryptocurrencies” added to the software’s feed. Thomson Reuters claims that “Each site is scanned and scored in true-time” in order to ascertain “market-moving sentiments and themes.”
Austin Burkett, the global head of Thomson Reuters’ Quant and Feeds, has stated “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,” adding that “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 Introduces Cryptocurrency Services
Thomson Reuters provides insights into traditional and emerging asset classes, with the company currently publishing “prices for Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.” In 2016, Thomson Reuters introduced BlockOne IQ – a tool designed to allow traders to use Reuters’ market data systems to analyze blockchain-based currencies.
The announcement of Marketpsych 3.0 comes a week after Fundstrat executive Tom Lee revealed a new bitcoin sentiment gauge called the “Bitcoin Misery Index.” Mr. Lee unveiled the index during an interview with CNBC, proclaiming that the index currently reads at 18.8 – the lowest it has been since 2011.
Mr. Lee described the index as a contrarian indicator, stating that “The last four times this was below 27 […] there was not a single instance with bitcoin not up 12 months later.”
Do you think that sentiment gauges are a useful trading tool? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index appeared first on Bitcoin News.
Over 300,000 financial professionals working in asset management, hedge funds or other institutions now have access to bitcoin cash data directly via their Thomson Reuters Eikon platform.
Toronto-headquartered multinational mass media and information firm, Thomson Reuters Corporation (NYSE: TRI), has added bitcoin cash (BCH) to its Bloomberg Terminal challenger platform, Eikon. BCH has thus become only the third cryptocurrency to list on the platform following bitcoin (BTC) and ethereum.
This development can be seen as a reaction to Bloomberg which recently expanded its bitcoin coverage on the terminal and added ethereum, ripple (XRP) and litecoin feeds to its service.
Eikon first added BTC to its suite of tracked assets, based on a feed from Bitstamp exchange, back in mid 2014.
Bitcoin cash has being getting more and more adoption recently, with the latest major example being Bitpay. The the largest bitcoin payment processor in the world announced just a couple of days ago that it will start processing BCH payments for invoices and debit loads.
The Eikon Platform Reach
If you are not familiar with Eikon, it is Thomson Reuters’ flagship financial information platform, like the information component of Bloomberg’s Professional service. It was launched back in 2010 and is estimated to cost between $ 300 to $ 1800 per month, depending on the total number of systems a user licenses.
The platform is connected to more than 400 exchanges and OTC-traded markets, and over 70 direct exchange feeds, delivered via low latency data feeds. It also offers connectivity to deep liquidity pools, with over 80 providers and more than 1,300 institutional clients, plus FX market pricing from over 2,000 contributing sources in 175 fiat currencies.
What do you think about Thomson Reuters listing BCH on Eikon? Share your thoughts in the comments section below!
Images courtesy of Shutterstock and Thomson Reuters.
The post Thomson Reuters Adds Bitcoin Cash to Eikon Platform appeared first on Bitcoin News.
A solid U.S. jobs report for September reinforced expectations among Wall Street's top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15 primary dealers that responded to the poll forecast a rate hike at the U.S. central bank's December meeting. Primary dealers are the banks that do business directly with the Fed.
Wall Street's biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 out of 14 primary dealers who responded to a Reuters poll on Friday said they expect the Fed to lift the targeted range for its benchmark short-term interest rate by a quarter-percentage point to a median level of 0.63 percent by year end. The current mid-point for the federal funds rate is 0.38 percent.
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