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Thomson Reuters Adds Crypto Data Feed To Flagship Financial Analysis Tool Eikon

May 16, 2018, 10:30AM
2 min, 12 sec READ

Thomson Reuters (TR), has launched a new cryptocurrency data feed that now provides real-time rate information from six major cryptocurrencies

Thomson Reuters (TR), a world-class information ecosystem, has launched a new cryptocurrency data feed that now provides real-time rate information from six cryptocurrencies across multiple major crypto-exchanges. The feed gives institutional-grade information to users while fostering an efficient and transparent environment within the global marketplace.

TR’s “Cryptocurrency Real Time Rates (CRTR)” feed is made available to users via the company’s Eikon financial analysis tool, and extracts data from “various exchanges including BitFlyer and BitPoint with more exchanges to be added over time.” In a recent announcement introducing the service, TR did not specify which six cryptocurrencies will be monitored by the feed.   

TR’s new crypto-feed is the latest addition to the company’s ambitious plan to combine their world-class financial services with crypto-specific market data. In March 2018, TR updated their “Marketpsych Indicies” analytics service to provide Bitcoin sentiment data sourced from over 400 news and social media sites. As momentum grows within the crypto-market, TR is clearly positioning themselves as a top-tier authority within the space. Michael Go, Head of FX Market Development at TR, commented on the importance of the new CRTR feed:

 “The immense growth in the cryptocurrency market in the last decade highlights the strong momentum around this new technology and 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." Michael Go, Head of FX Market Development at TR

TR is not the only global information ecosystem positioning themselves on top of the growing interest in crypto-markets. Last week, Bloomberg announced the launch of the Bloomberg Galaxy Crypto Index (BGCI) alongside well-known trader Mike Novogratz, which also aims to provide institutional-grade information to elite investors.

Until 2018, most analysis tools for crypto-markets were developed by smaller entities with a niche-specific focus on cryptocurrencies. While these tools, like CoinMarketCap.com and Blockchain.info, may have become mainstays of today’s crypto-market, they do not meet the levels of legitimacy or accountability required by institutional investors. As large Wall Street firms begin staking claims in the crypto-market and regulators start to recognize crypto as its own unique asset class, it comes as no surprise that established players in traditional financial news and analytics are adapting their services to include crypto-specific tools and information that institutional investors can relate to. 

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.