Upon Request – Tick Data Adds Historical Forex Market Data

US based Tick Data, a commercial provider of historical market tick data, has announced that it is adding spot forex

tick data logoUS based Tick Data, a commercial provider of historical market tick data, has announced that it is adding spot forex historical pricing to its list of available statistics. According to Neal Falkenberry, CFA, Partner and President of Tick Data, Inc, the addition of spot forex figures is based on demand from customers of their product as he stated in the company’s public release “Spot Forex data is a top priority for many traders and analysts, making this the most anticipated addition to our product offering in years. The ability to conduct quantitative research and analysis across multiple asset types is highly important to our clients. For this reason, we believe the financial community will benefit greatly from this exciting new product.”

According to Tick Data, the spot forex data is the company’s first OTC market offering, as it adds to its existing equities, futures, and options pricing. The firm will provide three types of data; tick-by-tick trades and quotes, tick-by-tick trades, and one-minute trade-only data. Data will be available for over 2000 currency pairs as well as the company’s TickWrite Data Management Software being included in their data package.

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Beyond viewing historical information, the data is available in ASCII files which according to the firm make it compatible with leading analytical platforms such as MetaStock, Ninjatrader and TradeStation. Specifically among algorithmic traders, historical tick data is an important ingredient for back testing strategies as it provides greater accuracy as to what pricing would have been when an order was triggered for execution. In forex, the data could also be useful for MetaTrader brokers aiming to populate their trading platforms with historical figures before going live or launching new currency pairs.

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