FXCM Group Starts Sharing Free Forex Tick Data

If you are on the lookout for an affordable tick data solution, FXCM might just have released the product you’ve been waiting for. The company is deploying a solution that is going to grant free access to a dataset on 21 currency pairs.

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FXCM Group is deploying the solution, making the data available for free. Weekly trade data can be imported quickly to backtest algorithmic trading strategies. Traders that are keen to apply automation to their methodology can use the data to design better models with enhanced precision.

Some brokers are charging their clients particularly high fees for access to data or are requiring a rather steep first-time deposit.

FXCM’s decision to make this data free may play to the advantage of other brokerages' clients, as other firms may have to follow suit.

To gain access to the data, traders can access FXCM’s Free Tick Data page or visit the company’s GitHub page. The broker is providing tick data on the top 21 currency pairs that are aggregated from the best bids and offers from FXCM’s Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers.

A total of 17GBs of compressed data are already available. Clients can extract the information manually or by using any coding language, including Python. Free data is available for up to 10 years with FXCM’s Basic Historical Data Downloader.

AI Training and Algo Development

In the age of automated trading, a number of venues are gearing towards deploying more unorthodox solutions for trading the foreign exchange market. Artificial intelligence is becoming particularly popular within the forex trading space. The FX market’s liquidity and 24/5 operation prove to be of particular interest to algo traders worldwide.

Neural networks that are designed to trade the market require a steady data feed in order to get trained and start making real-time decisions on impending market moves.

FXCM is offering its suite of tools and trading services to the FX community including premium API Services with multiple connectivity options including FIX, JAVA and ForexConnect. The company is also delivering a set of solutions via its FXCM Apps Store.

Late last year, one of the leading ECNs in the industry, Euronext's Fastmatch, opened public access to real-time FX price data for a symbolic fee.