Are you searching for an API for commodity data? Read this article and get to know these three different types of CME group rates API!
The globe turns to CME Group, the largest swaps exchange, to assess risk. The CME Group offers the most comprehensive selection of global benchmark goods through its exchanges, including futures and options based on interest rates, equities indices, foreign currency, energy, agricultural products, and minerals.
An structured market for selling futures and choices is the Chicago Mercantile Exchange (CME), sometimes known as the Chicago Merc. The CME trades futures and, throughout most cases, options in a variety of markets, including minerals, real estate, agriculture, energy, stock indexes, foreign exchange, interest rates, and even weather.
On its CME Globex platform, CME Group offers electronic trading to a global audience. Through its hub, CME Processing, the business also provides clearing and settlement services for exchange-traded and over-the-counter derivatives across asset classes. The solutions and services offered by CME Group guarantee that companies can efficiently control risk and experience growth.
An organized exchange for trading futures and options is called the Chicago Mercantile Exchange, or Merc. The Chicago Butter and Egg Board, as CME was formerly known, traded agricultural commodities like wheat and corn. The CME first offered economic future in the 1970s. Soon after, precious minerals, treasury bonds, and other commodities were added.
One of the largest financial exchange operators in the world, the CME Group, was formed in 2007 through the merger of the CME and the Chicago Board of Trade. Today, CME Group controls a number of other exchanges located in other cities. The CME is increasingly renowned for dealing exotic commodities like weather derivatives and other futures.
That is why to find the best types of fluctuating movements in commodities coming from CME Groups sites, we bring you these three options with no cost or cheap open source memberships:
Commodities-API
Commodities-API The consumer prices for commodities like wheat, rice, coffee, and sugar are displayed using this publicly funded API. To access the data, go to the website, obtain an API key, and then select the appropriate currency and commodity. One may use the API whatever you like; that is all there is to it. From a selection of more than 170 possibilities, the Commodities-API can provide data in any currencies you require, with an accuracy of two decimal places. Every monthly, you are allowed to make up to 100.000 API requests and receive data updates every 60 seconds.
Barchart
Some of the earliest sites to provide commodities and derivatives market data was Barchart, a global financial software company that provides market data and services to the financial, media, and commodities industries. While its media businesses offer online content, news, and periodicals to financial and commodities professionals to aid in decision-making, Barchart’s distinct data, software, and technology solutions power the operations of its varied client base from the front to back office.
CommoPrices
Over 10,000 commodities and indices’ prices and values are accessible using this API. According to the source, the data may be updated daily, weekly, or monthly. A industry’s fluidity is dependent on the amount of data present. By researching for commodities on www.api.commoprices.com, you may find out more information about it.