Would you like information on metals in New York? This city is one of the most important in the world that constantly needs to be supplied with metals. But luckily, this Metal Prices API will help any New York business looking for metals like gold, silver, or platinum.
The NYMEX, by New York Mercantile Exchange, is a specific exchange specialized in the energy and metals sector. It is currently the world’s largest commodity derivatives market and trades futures and options on raw and processed energy products such as oil, natural gas, heating oil, unleaded gasoline, coal and electricity. More than 175 million contracts are traded on the New York Mercantile Exchange each year. We also note that in 2008, as we will see later, the NYMEX merged with the Chicago Mercantile Exchange or CME.
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The NYMEX was founded in 1872 as the Butter and Cheese Exchange of New York. At the time, it was a trading exchange created by a group of dairy traders in an attempt to normalize trading in this market. Currently, NYMEX or better said New York Mercantile Exchange, is one of the most used metal exchanges by the inhabitants of the city of New York. Therefore, many people who buy metals use this source of information. But in the world of investing, it is also important to have several sources that allow you to check prices.
Fortunately, today we will offer you a special service! Thanks to this Metal Prices API, you will be able to get prices from many metal exchanges and many metals. It will surely be a very useful API for the city of New York. This system is known as Metals – API. To know more information, you only have to read what we will write below.
Obtain New York Metals Rates through Metals – API!
When we talk about reliable sources of information… we don’t lie! Metals – API is the best New York Rates API! You will be able to obtain prices from companies such as the New York Mercantile Exchange (NYMEX), the London Metal Exchange (LME), the Bombay Stock Exchange (BSE), the Dubai Gold & Commodities Exchange (DGCX), among other options. As you will see, all the sources are prestigious and well-known in each country.
You must register in advance to obtain the prices of the metals you want. Once you do, you will need to choose a plan. Each plan is named after a metal and they have annual prices. That is, you will only pay once a year. The cheapest paid plan is Iron, which costs $49 and offers 200 API calls per month. But we recommend choosing the options that update every 60 seconds. In the world of investment, every second is important, and that’s why those plans are the best. For example, for the bronze plan, for only 400 dollars per year, you will get 5000 API calls per month.
If you wish, you can integrate Metals – API to any metals trading platform in New York. In this way, many more people can enjoy the benefits offered by this platform. Remember that you must choose the base currency such as USD, EUR, CNY, CHF, and CAD, among other options. These are the symbols assigned to each legal tender of each country. Check the list of symbols before trading. There you will also find the symbols of each metal.
Also published on Medium.