Are you looking for a software to do the market reports for you? Check this article and start using this commodities prices API!
Financial firms constantly ingest market data in order to appraise their holdings. Financial companies cannot evaluate their portfolios without market data, much as the human body cannot operate without blood. Understanding market data is therefore essential for calculating the risk and reward of financial transactions, and it may also help us comprehend finance in general.
Market data is utilized to calculate the value of a transaction. As a result, it can assist financial institutions in making informed decisions to improve return and hedge risk. The quantity of data linked with a firm, contract, or instrument expands rapidly when it becomes tradable on a stock market. This data may be divided into several categories, including reference data, fundamental data, and market data.
Market data, in particular, relates to pricing information, such as the most recent transaction price or the current bid and ask price of an instrument, but it also contains a plethora of other data points:
- volumes
- timestamps market locations quote sizes
- Volatility levels and other supply and demand-related aspects
- Entity IDs, for example, are examples of static reference data.
All of this information is extremely helpful for market participants attempting to comprehend and analyze market dynamics. Market data is distinct from, but complementary to, fundamental data, which offers information on the performance of an underlying entity, such as firm sales, or macroeconomic statistics.
Market data is often used for price discovery, determining current market levels and facilitating quick decision-making, or analyzing market circumstances with the ultimate goal of understanding market dynamics and/or generating forecasts.
If you want to acquire up-to-date market stock data, you should utilize an API-based platform or an informatic application. Commodities-API is a commodities pricing API that we provide for this purpose.
What Is Commodities-API?
Commodities-API it´s a website that will bring you tons of market data. You may acquire professionally available data on coffee, cereals, and oils, among other things. You can buy them through an API, which you can set up in less than a minute after contacting the relevant financial institutions.
Is A Simple Website?
It’s excellent to utilize Commodities-API because it’s really user-friendly. To do so, follow these steps:
-Go to the website and register.
-Generate an API Key using the platform.
-Select the necessary products and money.
-The software will deliver an API response in response to an API request you create in the dashboard.
Is It Reliable To Their Users?
This API also provides a nice Internet experience. It can transmit commodities data in real time with two decimal points of precision and a frequency of 60 seconds. Commodities-API is built on a solid backend architecture that guarantees high availability and response times of less than 50 milliseconds for defined API requests.
Can The Users Have Admission To Previous Reports?
You can get one before August 2021 on the platform of Commodities-API , and you may read reports for days, weeks, months, and even years on the site. Go to the dropdown menu to do so.