Good afternoon, dear brokers.
This article is dedicated to those brokers who conduct their own business independently, and do not lease a trading platform from companies such as Spotoption, Tradologic or other developers.
Do you need trading quotes of assets and stocks? Where to Buy Trading Quotes?
We were approached by developers of brokers for binary options with the question, who is the best provider of quotes. This issue has become very relevant for many of them, since it is your liquidity provider and quotation provider that is responsible for the success of your business. Why? This is a very simple answer.
So, we bring to your attention our experience of communicating with the providers of quotations if you need to buy trading quotes.
We often see in the advertisement of this provider of quotes, which claims that it can do much, but prefers to sell trading quotes only together with the trading platform. We tried to contact them to clarify all the above issues above. An important word was tried, as this trade quest was not crowned with success.
Can not we be very good for them? Maybe you are more lucky. Good luck.
One of the largest providers of quotes in the world. But I’m sure that you will be interested in knowing our experience of communicating with them.
“We contacted the office in Cyprus, which is located in the glorious city of Nicosia. We were listened to and sent to the manager on these issues. After 3 days, the manager contacted us and the most interesting thing began, it is a discussion of issues related to obtaining a license and the possibility of obtaining trading data for the construction of quotations. Yes, they have everything from a dedicated server to a cool support service. An important advantage is the 24 hours availability of trading assets and the availability of BITKON INDEX, which allows you to provide your customers with trade on weekends. An important minus is the cost of trading quotes. You will be provided with a huge amount of assets and shares that you will not use, but you will pay for them. On average (we will not now write about the different types of licenses that this company provides), the cost will be:
The important point is that when buying quotations you need the help of their specialist in setting up the data, it is paid separately, all additional services you pay separately and the cost of their services is high.
If you do not notify the termination of the contract several months before the expiry of the contract with this one, it is automatically renewed. By the way, you need a specialist java, c ++, .Net to support and maintain this service. You decide !
A rapidly developing company that has proven itself in the market for providing data for building a trade schedule. The main feature is the availability of data on trading instruments 24 hours a day. Except for weekends and holidays. The services of this service are used by very many brokers of binary options and forex brokers.
Due to the fact that the demand for these trade quotes data has recently grown significantly, Xignate has already increased the prices for the services provided several times. To provide a demo access you need to register, and you will be assigned 250 Hits by default. This means that you can only get 250 Hits, for all assets, agree that it is extremely small to understand the service provided and to determine the valence of the tools. We have repeatedly contacted the manager of the company, and after the manager answers only once a day, our correspondence was delayed for 3 months (!!!!) that for many companies may not be acceptable.
After 3 months of communication, we received data on the basis of which we can say that this is one of the best companies, but also one of the most expensive.
XigniteGlobalQuotes ($26,250 USA + $21,000 EMEA)
XigniteGlobalFutures ($21,000 USA + $15,750 EMEA)
CloudStreaming functionality (added to the API price)
Streaming directly to apps or devices for 20 symbols or under, +25% per additional 5 symbols.
Average concurrent streams: 100 ($12,600)
Average concurrent streams: 500 ($37,800)
Average concurrent streams: 1000 ($63,000)
If you want to compete in the market for providing services with many top companies, then you will need to buy CloudStreaming functionality, because in this case you will receive data on the flow, and not receive them on request. In the first case, your schedule will be more mobile, in the second – “weak”
Of the big disadvantages is the price, many beginning companies buy only 2 sets of tools, these are metals and currency pairs. According to the contract with Xignite, you pay the entire contract value for a year, there is no payment by months.
At the moment we are communicating with 2 more providers of trading quotes, as we get all the data for comparison, we will be able to share this information with you, but at the moment here is our comparison chart if you want to Buy Trading Quotes from one of these companies.