Currency trading APIs can provide real-time market insights, allowing traders to make informed decisions. They offer a vast array of exchange rates, currency pairs, and market data.
With a currency trading API, traders can access up-to-date information on exchange rates, including historical data and real-time feeds. This enables them to analyze market trends and make predictions.
For instance, the API can provide the current exchange rate between the US dollar and the euro, which is crucial for traders making international transactions. The API can also offer the historical exchange rate data for the past month, week, or year.
Traders can use this information to identify patterns and make decisions based on the market conditions.
Data Pricing and Availability
The data pricing and availability of a currency trading API can vary depending on the plan you choose. For instance, some plans offer unlimited API calls, while others limit it to 5 calls per minute.
The historical data available also differs between plans, with some offering up to 10 years of data and others limited to 2 years. Additionally, real-time data is available on some plans, but not all.
Here are the key differences in data pricing and availability between the two plans:
This can affect the frequency of data updates, with some plans offering minute-by-minute updates and others limited to end-of-day data.
Currencies Data Pricing
Currencies Data Pricing is a crucial aspect to consider when working with financial data. You get what you pay for, and in this case, the pricing plans vary greatly depending on the level of access you need.
There are two main plans to choose from: a basic plan with limited access and a premium plan with more features. The basic plan includes all Forex and Crypto Tickers, but with a limitation of 5 API Calls per minute.
The premium plan offers unlimited API Calls, making it ideal for high-traffic applications or those that require real-time data. It also includes 10+ Years Historical Data, which is a game-changer for analysis and research.
Some features are available in both plans, such as Reference Data, Technical Indicators, and Minute Aggregates. However, the premium plan includes additional features like WebSockets, Snapshot, Second Aggregates, Crypto Trades, and Quotes.
Here's a comparison of the two plans:
Ultimately, the choice between the two plans depends on your specific needs and requirements. If you need real-time data and unlimited API Calls, the premium plan is the way to go. But if you're on a budget and only need limited access, the basic plan might be sufficient.
Real-Time & Historical Data
Real-time and historical data are crucial components of any reliable data service. Real-time data is refreshed every 60 seconds, offering unparalleled accuracy and timeliness.
For traders, businesses, and financial institutions, this is essential for making informed decisions in a volatile market. Real-time data is delivered on global currency pairs.
You can access 10+ years of historical data with some plans, while others offer 2 years of historical data. This allows you to analyze trends and patterns over a significant period.
Here's a breakdown of the available historical data plans:
API calls are also a consideration when choosing a data service. Some plans offer unlimited API calls, while others limit you to 5 calls per minute.
Data As Is
When you need data in its raw form, look no further than "Data As Is". This service provides real-time updates for foreign exchange rates.
You can access over 140 currencies and precious metals, which translates to over 2000 foreign exchange rate pairs.
Data Features and Usage
Our currency trading API offers a range of data features to help you make informed decisions.
You can leverage our forex API to transform raw data into informed market decisions. This is especially useful for traders who want to stay ahead of the market.
Our API supports direct connectivity points in major financial hubs such as CHI, NY4, LD4, SG1, and TY3. This allows you to access the entire FX market, regardless of location.
Whisperer, our market solution, is up to 1,000 times faster than other market solutions, with a speed of 5–7 microseconds. This is crucial for fast-paced financial decisions.
We cover all FX instruments and workflows, including spot, forwards, NDFs, and swaps. This means you can access a wide range of data to suit your needs.
Our API supports advanced order types, including pegged, iceberg, fixing, and trailing stop. This gives you more flexibility when making trades.
We also support bank, third-party algos, and in-house algos. This allows you to integrate our API with your existing systems.
Our Currency Exchange Rates API delivers real-time data on global currency pairs every 60 seconds. This ensures you have access to the most up-to-date information.
You can convert one currency to another with the specification of the amount using our API. This is useful for calculating exchange rates and making trades.
Our API also aids regulatory compliance, with fields for MiFID II, Dodd-Frank (SEF), and EMIR Counterparty identification. This helps you meet your regulatory requirements.
Exchange Rates and Prices
The Exchange Rates and Prices section of a Currency Trading API is a treasure trove of information for traders and businesses alike. You can access real-time data on global currency pairs, refreshed every 60 seconds, to make informed decisions in a volatile market.
The API delivers current trading prices for various currency pairs, including the most traded pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs. This information is crucial for traders, businesses, and financial institutions to make fast-paced financial decisions.
The core data delivered by the API focuses on the current trading price of various currency pairs, including bid, ask, high, and low prices. The difference between the bid and ask prices is known as the spread, which represents the broker's profit from the trade.
Here's a breakdown of the key metrics provided by the API:
The API's minute-by-minute data updates ensure that users are kept informed about current forex prices, making it an invaluable tool for traders and businesses.
Performance and Support
Our API is designed to be highly scalable, allowing you to handle large volumes of trades and transactions with ease. It can process up to 100,000 requests per minute.
You can expect a response time of under 50 milliseconds, making it ideal for high-frequency trading. This ensures that your trading platform remains responsive and efficient.
Our team is available 24/7 to provide technical support and assistance. You can reach us via email, phone, or live chat, and we'll respond promptly to resolve any issues.
Our API is built with security in mind, using industry-standard encryption protocols to protect your data. This includes SSL/TLS encryption for all API requests and responses.
We offer a comprehensive documentation and API reference guide, making it easy to integrate our API into your trading platform.
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