FX rates

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Scrag Meister replied

18 December 2012, 17:06
Are you looking for Start of Day, End of day or Intra Day.

If only EOD then the delay as you say is irrelevant, take a snap of the data after COB.

BBG is subscription only, not sure if they provide any EOD figures for free.
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mudskipper replied

18 December 2012, 09:52
Originally posted by eek View Post

Free providers are usually time delayed (20 minutes or so). That's not a problem unless its a problem but if its a problem it'll be a big one.

Given that we're caching it for the day, 20 minutes shouldn't be a big deal.

Looking further into it, we've got a rounding issue which is more likely to be causing the big discrepancies we're seeing.

Thanks eek.
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eek replied

18 December 2012, 09:47
Originally posted by mudskipper View Post

Got an app that currently gets rates from finance.yahoo.com

My knowledge of this stuff is zero, but user is requesting that I use the Bloomberg spot rate instead.

As far as I can see, you have to pay to get access to the Bloomberg API, although I guess a screenscraper would probably do the job.

But technicalities aside, I'd like to understand what the difference is between the rates.

Can someone explain in very simple terms?

Free providers are usually time delayed (20 minutes or so). That's not a problem unless its a problem but if its a problem it'll be a big one.
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mudskipper started a topic FX rates

18 December 2012, 09:01
FX rates

Got an app that currently gets rates from finance.yahoo.com

My knowledge of this stuff is zero, but user is requesting that I use the Bloomberg spot rate instead.

As far as I can see, you have to pay to get access to the Bloomberg API, although I guess a screenscraper would probably do the job.

But technicalities aside, I'd like to understand what the difference is between the rates.

Can someone explain in very simple terms?
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