Refinitiv Introduces MarketPsych Indices

Refinitiv reinforced its commitment to the wealth management industry with the launch of a proprietary data set MarketPsych Indices (RMI) via a new cloud-based feed for brokerages, investment advisors, wealth managers, and their clients. The new tool provides the capability to visualize media perceptions – buzz, themes, emotions – and make assessments in correlation to asset prices. The RMI were developed in conjunction with MarketPsych Data LLC, a developer of quantitative behavioral economics tools. The RMI analyze news and social media in real-time, converting the volume and variety of professional news and social media into manageable information flows. The underlying text analysis process converts qualitative statements in the media – such as expressions of fear, asset price forecasts, and mistrust in management – into quantitative, actionable insights. With analytics on over 15,000 global companies, 187 countries’ macroeconomic indicators, 62 sovereign bonds, and country stock indexes, 45 currencies, 36 commodities, and 150 cryptocurrencies. The RMI gives investors insight into the psychological forces that drive market movements.