Are you looking for the best APIs to get CME group rates? Then this article is for you.
CME Group Inc. is the world’s largest financial derivatives exchange trading in asset classes such as agricultural goods, currencies, energy, interest rates, metals, stock indexes, and cryptocurrency futures. The firm provides futures contracts and options on futures contracts through its CME Globex trading platforms, fixed income trading through BrokerTec, and foreign currency trading through the EBS platform.
They enable market players manage risk and capitalize on opportunities throughout the trading lifecycle and throughout the world by assisting in dealing with uncertainty and volatility with confidence and clarity. Furthermore, trading occurs in two modes: open outcry and on the CME Globex Trading System, an electronic trading platform. More than 90% of the exchange’s total volume is traded electronically on CME Globex.
But how can you receive real-time CME group pricing for any commodity? Use an API for this. APIs are technologies that accept data from a location and provide it to the person who started the API request. This is popular on many websites and is quite useful when you require current information as quickly as possible.
Before you can utilize an API that exposes this data, you must first identify the program that supplies it. There are several of them available on the internet, but they all work differently. As a result, you should proceed with caution when purchasing software to prevent wasting time and money because not all of them can provide CME group prices.
You will obtain data in a couple of seconds after beginning an API request (or, more correctly, making an API call). Depending on the API, this answer is sent in a variety of computer languages, including JSON, PHP, and Python.
So, in our view, the greatest APIs available online to assist you in gathering this information are:
1. Commodities-API
Commodities-API is a free commodity pricing API that gives commodity prices for coffee, rice, sugar, and wheat. It can deliver statistics in whatever currency you choose, with an accuracy of two decimal points, from a list of more than 170 alternatives. You can also get data updates every 60 seconds and do 100.000 API requests every month.
For all commodities and currency rates, the API delivers midpoint data. The midpoint rate is calculated by taking the average of the median bid and ask rates during a certain time period. The same API endpoints are used to convert currency and commodity values, and any amount may be converted from one currency to another.
2. CommoPrices
This API provides access to pricing and value data for over 10,500 commodities and indices. The data may be updated daily, weekly, or monthly, depending on the source. As the market grows more liquid, the data is published more often.
To get the data, go to www.api.commoprices.com and search for the commodity you’re looking for. HTTPS encrypts requests between your browser and their servers.
3. Barchart
Barchart was one of the first websites to provide data on commodities and futures markets. Is a multinational financial technology company that provides market data and services to the financial, media, and commodity industries.
Barchart’s diversified client base relies on its proprietary data, software, and technology solutions to power its operations from front to back office, while its media brands offer web content, news, and publications to assist financial and commodities professionals in making decisions.
Also published on Medium.