Get data easily about US Futures Market? A few years ago, obtaining this data from the Internet was not an easy task. However, everything changed when this precious metals API was created. Thanks to this platform, obtaining these rates is now a very easy task! Test it!
In the world, there are several stock exchanges where futures are traded, of which the following stand out Chicago Stock Exchange (CBOT) and Chicago Mercantile Exchange (CME), which merged in 2007. A ‘future’ or ‘futures contract’ is an agreement to buy or sell a certain asset (called an ‘underlying asset’) at a specified price on a specified date in the future. By contrast, in a spot contract, there is an agreement to buy or sell an asset immediately. Whoever sells a futures contract will be obliged to deliver it in the amount, place and times stipulated.
In most contracts, the exchange sets limits on the daily price movements of the contracts in order to prevent large price swings from occurring due to speculative excesses. On the other hand, there are also position limits, that is, the maximum number of contracts that an investor can maintain. Each Metal Exchange has different dates to trade futures. Some may have every month, others every 2 months, every 3 months, 2 times a year, etc.
Obtaining prices from the US futures market (the most important in the world and the one that generates the most money) was not always an easy task. But luckily if you use this API everything will change. Metals – API (this is the name of the service we are talking about) specializes in offering prices for metals such as gold or silver, both for spot markets and futures markets. We will give you more features so you can get to know this system.
Metals – API can easily obtain US Futures Market rates!
Metals – API is the best API to get metal prices. These metals can be gold, silver, copper, lithium, bronze, platinum, aluminum, iron, steel, and many more. These are just a few examples because naming them all would take a long time. But if you want to see everyone, within the web page, you will find a very complete list of symbols so you can see everything it offers. In any case, it is very important that you use that list because you will need those symbols to be able to trade on the platform. For example, the symbol for the silver is XAG, while the symbol for the United States Dollar is USD.
Another cool feature is their yearly plans. That is, you will only pay once a year and you can forget about paying for the rest of the year. The downside is that it does not offer monthly plans. Each plan offers unique features, for example, the gold plan will cost you $1500 per year but will give you 100,000 API calls per month, precision to 2 decimal places, and 60 seconds updates!
Lastly, if you wish to obtain specialized attention, we will provide you with forms so that you can contact those responsible for Metals – API. For example, you can use the virtual chat available on the website or send an email, attaching your questions to [email protected]. But don’t hesitate, this US Futures Market API is the best to get US Futures Market Rates.