11 December 2016
Visit aciworldwide.com

Thomson Reuters adds bitcoin pricing to Eikon

06 August 2014  |  6029 views  |  0 Bitcoin

Thomson Reuters has followed market data rival Bloomberg by adding bitcoin prices to its Eikon data service.

Thomson Reuters says bitcoin/ USD prices from the BitStamp exchange have been added to Eikon "in response to strong customer demand". It follows a move by Bloomberg to add Bitcoin pricing and market news to its Professional terminal service in April.

Despite it not being considered a currency and not legal tender in almost all jurisdictions, the growing role of crypto currencies is starting to get the full attention of market players and regulators.

While the size of the bitcoin market remains modest - with an estimated daily volume of $60-70 million - it is proving to be extremely durable.

"With online vendors such as Expedia and Dish Network accepting bitcoins as a form of payment, the bitcoin market is experiencing a surge in popularity, with many government officials beginning to recognise it as a valid means of exchange," says Thomson Reuters. "The phenomenon of crypto currencies needs to be monitored as it brings on several implications on industry assets and practices (such as payment systems and the role of the banks), but also on regulatory ground (links with anti-money laundering legislations).

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Overstock ponders the possibility of a 'cryptosecurities' exchange

Overstock ponders the possibility of a 'cryptosecurities' exchange

01 August 2014  |  7608 views  |  0 comments | 5 tweets | 1 linkedin
Former Credit Suisse banker becomes Coinfloor chairman

Former Credit Suisse banker becomes Coinfloor chairman

11 July 2014  |  6186 views  |  1 comments | 5 tweets | 6 linkedin
Expedia accepts bitcoin for hotel bookings

Expedia accepts bitcoin for hotel bookings

12 June 2014  |  6350 views  |  0 comments | 7 tweets | 10 linkedin
Bitcoin to have 'profound' impact on trust-based markets - Wedbush analysts

Bitcoin to have 'profound' impact on trust-based markets - Wedbush analysts

30 May 2014  |  7842 views  |  0 comments | 10 tweets | 6 linkedin
SEC issues alert on bitcoin risks

SEC issues alert on bitcoin risks

08 May 2014  |  5730 views  |  0 comments | 10 tweets | 4 linkedin
Bloomberg adds bitcoin pricing to Professional terminal

Bloomberg adds bitcoin pricing to Professional terminal

30 April 2014  |  5602 views  |  0 comments | 6 tweets | 4 linkedin
US exchange rows back on commitment to help regulate bitcoin trading platform

US exchange rows back on commitment to help regulate bitcoin trading platform

24 April 2014  |  4695 views  |  0 comments | 2 tweets | 1 linkedin
Wall Street industry group swallows Bitcoin red pill

Wall Street industry group swallows Bitcoin red pill

31 March 2014  |  14364 views  |  0 comments | 13 tweets | 5 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit aciworldwide.comVisit contisgroup.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8988 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8416 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8105 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7396 views comments | 24 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6949 views comments | 20 tweets | 24 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job