Thomson Reuters introduced product for cryptocurrency traders

Global provider of information and analytic solutions to Thomson Reuters within the product MarketPsych Indices presented an investment tool based on artificial intelligence to monitor more than 400 sources of information about bitcoin and determining investor sentiment.

Using indicators such as «greed» and «fear» accredited and non-accredited investors will be able to identify opportunities to hedge risk or to place orders, when a particular characteristic reaches a certain level or changes within a certain period of time.

Although Thomson Reuters has long been monitoring the price of bitcoin, and last year the company switched to creating blockchain applications, the new product marks a new direction in the line of products created specifically for cryptocurrency traders.

«The new investment will allow our customers to increase the profit from their investments and to form correctly the risks in investment portfolios,» – said Austin Burkett — head of global research division of Thomson Reuters.

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