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Best Live, Historical and On-demand Market Data APIs

Are you looking to enter the market? Did you know that you can analyze the terrain with an commodities rates API? Read our post and learn how to do it!

Market data is the price and other associated information for a financial instrument published by a trading venue such as a stock exchange in finance. Traders and investors may use market data to find out the current price of assets including shares, fixed-income products, derivatives, and currencies, as well as observe past patterns.

Market Data Management professionals work in a complicated market environment that includes, among other things, a large quantity and diversity of products and services, as well as:

-Huge demand growth – Market data is required in many business fields. Demands for regulatory compliance, big data, and new media are all on the rise.

-Low competition — On particular items, the offer is defined by a few low-competition Suppliers; in addition, some mergers have occurred.

-Continuously growing prices — Unlike other products and services (such as software), Market Data Vendors announce price increases every year, ranging from 2% to 10% on average.

Best Live, Historical and On-demand Market Data APIs

-Contracts and regulations that are extremely binding – Contracts define the rights and responsibilities of subscribers in a more precise and enforceable manner. Failure to comply with Market Data Providers’ new requirements entails financial and operational concerns.

-Auditing Rights – Another characteristic of contracts involving this sort of product and service is the provision that assures those who sell data the right to inspect how the data is used by the subscriber.

-Financial Operators are not protected — The financial sector is falling behind in developing regulations to prevent Market Data Providers from engaging in the aforementioned business actions.

Therefore, it is important to keep an eye on what we invest in the stock market. In order to achieve a correct and organized statistics of our earnings. For this, we recommend Commodities-API

Brief On Commodities-API

Commodities-API It’s a corporation that, among other things, sells monetized data on coffee, cereals, and oils. It achieves so by collecting them using an API, which takes less than a minute to set up after financial institutions have agreed to work with it. You may choose from 170 different currencies and commodities on this site.

Best Live, Historical and On-demand Market Data APIs

How To Use The Platform

The Commodities-API has the advantage of being very user-friendly. To do so, take the following steps:

• Go to the website and create an account.

• Select a product and a currency in which to sell it.

• On the dashboard, create an API-request, and the program will answer with an API-response, and you’re good to go!

Statistics That Can Be Relied Upon

The API can provide real-time commodities data with a two-decimal-point precision and a 60-second frequency. Commodities-API is designed on a solid back-end architecture that guarantees high availability and response times for defined API requests of fewer than 50 milliseconds.

Obtaining Previous Reports is a Possibility

You may access reports on the site for days, weeks, months, and even years previous to August 2021 using Commodities-API. To do so, go to the drop-down menu.

Published inTechnology
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