Skip to content

Use An API For Bloomberg Commodity Index Rates In Real-Time

Do you use Bloomereng? Would you like to obtain updated platform data? Read this post and start using a better commodities rates API!

Bloomberg is a leading global source of real-time and historical pricing data, financial statistics, trade news, and analyst coverage, as well as general news and sports. Its offerings, which include its own platform, television, radio, and periodicals, provide financial experts with professional analytical tools. The Bloomberg Terminal, an integrated platform that delivers pricing data, financials, news, and trade data to over 300,000 subscribers worldwide, is one of Bloomberg’s main income generators.

Michael Bloomberg launched Bloomberg in 1981 as a financial analytics and information technology firm. Within its first ten years of operation, the firm grew from its flagship Bloomberg Terminal to over 10,000 installed terminals. Following that, it implemented Bloomberg News, a worldwide financial news provider, to build on its success.

Over the next ten years, the news source’s subscriptions expanded to 150,000, and the corporation introduced Bloomberg Tradebook, which allows individuals to trade directly through Bloomberg. The Bloomberg platform was one of the first in use the Open Banking Data in the Financial Pool.

“Open banking” is another term for open banking data. Open banking is a banking technique that uses application programming interfaces to give third-party financial service providers open access to customer banking, transaction, and other financial data from banks and non-bank financial organizations (APIs).

Customers, financial institutions, and third-party service providers will be able to network accounts and data across institutions for usage by consumers, financial institutions, and third-party service providers. Open banking is rapidly emerging as a key source of innovation that has the potential to alter the financial industry.

Thanks to this, many other platforms were born such as Barchart, CommoPrices and Commodities-API. These platforms use APIs and serve their users by delivering monetized data quickly and securely. To start investing in commodities, these sites are highly recommended networks, especially Commodities-API.

Knowing Commodities-API

Commodities-API is a free online service that provides you with an API, or software, that allows you to access real-time data on a number of basic commodities such as maize, wheat, and gasoline in a variety of currencies. A 60-second timer is incorporated, as well as two decimal places of precision.

Ways Of Registration

Commodities-API is a simple and easy-to-use tool; just follow these steps:

  • You can create your own API key in their website.
  • Examine the symbols for the commodities and currencies you’ll be using.
  • Using these symbols, locate the product and currency in the list. After you’ve settled on them, make the API call.
  • Get the most up-to-date information about pricing changes. The website will provide you access to an API that you can customize and use in a variety of computer languages.

Safe Platform

Their API pulls commodity pricing data from over 15 credible data sources per minute. Banks and financial data companies are among the sources. They additionally safeguard your connection with bank-grade 256-bit SSL encryption. Commodities-API is used by thousands of developers, small businesses, and huge corporations on a daily basis. Because of its reputable data sources and more than six years of expertise, this API is the most popular site for commodity rates.

Precise Data

The service is run by receiving data from financial institutions every 60 seconds and working with two decimal places of accuracy. In turn, data and measurements from earlier days, weeks, months, and years may be accessed in order to get a superior market position while investing.

Published inTechnology

Be First to Comment

Leave a Reply

%d bloggers like this: