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Originally Posted by scorpion
sccz97, is it Bloomberg.com that you are talking about? I asked because I cannot find any product that is related to data feed api.
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yup.
www.bloomberg.com
Bloomberg and reuters are the bigest news providers in the world. Every single major institution whther they be a bank, prop desk, trading arcade or hedge fund, they will be using bloomberg, and they will have hundreds of licenses, one fro each person that needs it. And believe me when I say, when you start using blomoberg, you can't go back. You mighht have sen the keynoards beofr, they look just like any normal eyboard but have coloured keys, so all the F keys on the top are yellow. Anyawy, the wealth of informationprovided by bloomerg is shocking, there's nthingyou can't get, whether you're intereseted in just news articles, valuation of swaps, finding probability of defaults for trancheds in CDOs, 3d vol curves, reports and interviews from majkor banks about upcoming large economic figures, I can go on and on. I work at a hedge fund and use bloomberg maninyl for analysis but believe me when I say that for what it seems you guys are trying to put together, you will graetly benefit from having bloomberg. You will get your prices faster, know which price source each quote comes from, get economic releases before anyone and basically give you an edge over all other retail traders and push you into the league of the big players
In essesnce what you get from bloomberg is a license which allows you to use their applicatin (which you'll have to download) However, with that application you can use the api. The standard license will restrict frmo using or seeing certain things in the application and of course youl'l get delayed price feeds for most of the exchanges, but forex is not restricted in anyway. They've recently releeased the .NET api whichi s ooooo much easier to use than the c++ offering of long ago and while far from perfect you can do whatever you want like subscribe to real time quotes across every singel possible xrate you can think of, get intraday ticks (all scrubbed clean) from anydates, the list is endless. Of course, the subscription fee is nothing to be laughed at .... you can probably get a deal if you're a private investor but i know that my conpany are paying $4k a month for my bloomberg but I have live prices on all the major equity exchanges. The std package, which tbh is all you'll need) is aroudn $1-1.5k a month. You'll have to decide yourself whether you think that's worth it.
Feel free to ask me any more questions about it