Did you know that there are so many Stock Exchanges (SE) worldwide? Do you know that you can obtain Natural gas rates immediately from the Shangai SE? Below, we’ll talk about an API that provides SE data!
In the fatidical 2020, a ranking of the most relevant Stock Exchanges from different parts of the world appeared in the newspapers, television and social media. The list has thirteen hot spots, most of them from North America, Asia and Europe. All the trading strategies and businesses, in general, pay attention to those financial entities because of the information they provide. None of them starts a transaction or invests in something without checking the daily prices published on those entities.
Luckily, nowadays, technology makes a relevant contribution to the world of commodities business and currencies. Keep reading to find out how that works and help you!
How can an API provide commodity rates from a Stock Exchange (SE)?
First, it’s crucial to say that an API connects a database, software or similar to a particular request. The API is the third part involved that makes the communication possible. And how that can happen? Because it has the authorization to access multiple information from different reliable institutions. Besides, its technology works with fifteen sources to provide an accurate answer.
Moreover, depending on the company that provides this particular service, you’ll have many access levels and times to ask for specific data. Also, it only takes sixty seconds to send a return. With the only requirement of learning how it works, you’ll be able to use it!
Start with Commodities-API to get natural gas rates from the Shangai SE
Though its utilization is simple, it will be good for you to read a quick review to don’t forget anything. The first step is to look for the Commodities-API website, and for that, here is the link you need: https://commodities-api.com/. After giving a fast overview of everything it has, go to the ‘documentation’ section and read all about the API. As it says there, you’ll necessarily have to authenticate your API key with the Commodities-API‘s API. But before that, you must create an account for free and opt for a subscription. After accomplishing that step, you’ll be allowed to validate your access. Then, tap on the ‘chart’ button on the left and look for the code you must learn to send your query. You’ll see a long list of commodities and more than a hundred and fifty currencies. Remember the three-letter code to write the API consult.
How often do you need to ask for the natural gas rates of the Shangai SE of your API service?
Above all, you need to answer that question before choosing a subscription. Otherwise, you’ll probably make the wrong decision. Commodities-API has a couple of alternatives that go from a free account to a bigger budget if you require more calls than the number available on its plans. But with the free plan, you’ll have sixty minutes of waiting time for a return, while sixty seconds with a paid subscription.
You might want to read:
https://www.thestartupfounder.com/tips-for-doing-commodity-trading-and-top-benefits/.
Also published on Medium.