Bloomberg and Thomson Reuters will display a new cryptocurrency index

Cryptomaniac
By June 13, 2019 21:10

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Thomson Reuters, Bloomberg and TradingView portal financial terminals will add a new cryptocurrency index, reports CoinDesk.

It is noted that these indices will take into account messages and news of social networks. And the work of the new tools to ensure the company Cryptoindex. At the same time, one hundred of the two hundred largest digital assets by capitalization will be available for viewing to users.

For your information, when calculating the index, indicators such as trading activity on several exchanges and “significant social media” will also be taken. Cryptoindex rebalancing takes place monthly to identify inflated trade data, the company said.

Cryptoindex CEO VJ Angelo also stated:

“The index is the culmination of three decades of experience in creating indices of the financial services industry. I witnessed that the demand for a qualitative understanding of the traditionally non-transparent and incorrectly perceived field of cryptocurrency is growing at first hand, which led me to the creation of Cryptoindex. Our index takes into account the collective feelings expressed in social networks, in addition to the complex analysis of the data of volume trades and predictive analytics. More than 33 terabytes of data are analyzed to highlight 200 metrics and provide improved ranking in the index. Then metrics are entered into the neural network to obtain the final evaluation of the coins. ”

Recall also that Nasdaq Global Index Data Service, Bloomberg terminal, Thomson Reuters Eikon and Börse Stuttgart began to reflect CoinMarketCap cryptocurrency indexes.

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Cryptomaniac
By June 13, 2019 21:10