Nasdaq to Create Digital Market Forecasting Instrument
September 12, 2018
Nasdaq is going to develop a solution to analyze crypto market behavior for institutional investors.
According to US media, the digital trade platform plans integrating the innovation to its analytical division that was launched in 2017. The center is based on machine learning and natural tongue analytics to use it when processing data in social networks and other resources and demonstrate extra information on crypto market.
Now the center is focused on conventional assets so integrating digital ones is to be regarded as another signal of Wall Street’s interest in crypto market.
Bill Dague, the alternative data head of the platform, states:
“… given the abundance of interest, we are exploring cryptocurrency related datasets. Whether or not we launch a crypto-related product remains to be seen.”
According to the data provided, the platform will retranslate information on 500 digital assets basing on data of crypto wallets, digital platforms and social networks.