Reuters will be scouring the news wires for Cryptocurrency news
Today, Thomson Reuters released a new algo to track cryptocurrency news. In conjunction with it’s MarketPsych partner it will scan over 400 websites and social media outlets looking for market moving sentiment, to help traders get an edge for trading Bitcoin.
Reuters global head of quant and feeds, Austin Burkett said;
“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,”
As trading in cryptocurrencies increases and becomes more mainstream the algo’s are going to be increasing too.