Best Market Data Providers 2023
For this list, we have searched and tested several Market Data Providers available in the Forex market.
In our research, we selected the best Market Data Providers in 2022. We have researched some common types of Trading Data Providers in the market, and also presented the ways and solutions to choose Top Data Providers.
What are Financial Data Providers in Forex Trading?
Trading Market Data is one of main parts and crucial for each broker offering. There is a trading platform and a market data. This data includes live quotes and market graphics/price of each instrument, also historical data which are shown on the trading platform. With this information, brokerage companies can make informed decisions about when to buy or sell a particular asset.
Financial market data is also used by firms to keep track of their portfolios and assess their exposure to risk. In today’s fast-paced markets, having timely and accurate market data is essential for success.
Different types of B2B Financial Data Providers are available in the market today offering various trading instruments and particular exchanges. Here are some of the reputable providers:
- Nasdaq Stock Exchange
- New York Stock Exchange
- Shanghai Stock Exchange
- London Stock Exchange
Best Data Providers for Trading Brokers
There are many trading data providers in the financial market today. Each market data provider has its strengths and weaknesses, so it is important to select one that best suits your business needs and has a proven track record of success.
To pick the best Trading Data providers, we searched and tested several options in the market and here we provide the list that we selected as the best:
- FXCM Group – Best Forex Data Provider
- Marketstack – Best Stock Data Provider
- NinjaTrader – Best Futures Data Provider
- Kaiko – Best Crypto Data Provider
- Exchange Data International (EDI) – Best Options Data Provider
Top Providers of Trading Data
When deciding on the Top Trading Data Providers, there are a few important factors to consider: a reputable and experienced provider, and the solutions and prices offered by different providers.
Here we picked the Best Market Data Providers in the Forex market:
|Market Data Providers||Features and Solutions||Pricing|
|FXCM Group||Forex and CFD Market Data Solutions, Volume Data, Market Data Signals, Live Forex Charts, etc.||Pricing Request is Required|
|Marketstack||Stock Market Data, Historical Data, Stock Tickers, Market Indices, etc.||Free and Paid (Started From|
|NinjaTrader||Live market data, Charting Software, Trading Indicators, Trade Desk Calendar, etc.||Free (Included in the Package Fee) and Paid|
|Kaiko||Historical Cryptocurrency Data, Trade Data, Order Book Data, Derivatives Metrics, Pricing Services, Portfolio Solutions, etc.||Pricing Request is Required/3 Packages are Available|
|EDI||Derivative Data, Economic Data, Equity Corporate Actions, Fixed Income Data, Investment Funds, Pricing Data, etc.||Pricing Request is Required|
|Bloomberg||Content and Data, Bloomberg Terminal, Market Data in the Cloud, Financial Data Management, etc.||The Bloomberg Terminal Costs Around $2,000/Month or $24,000/Year|
FAQ and More on Online Data Provider
In this part, we gather common questions about financial market data providers. Usually, traders have many online trading data-related questions and here we assist in that.
Each market data provider has its advantages and disadvantages. You need to consider your goals and objectives before deciding which one is right for you.
How to Choose Market Data Provider?
There are a few factors to consider when choosing a Market Data Provider for your business. Based on your needs select a suitable instrument and a market data provider considering the following factors:
- Reliable and Up-to-Date Data
- Range of Data Available
- Responsive Customer Service
- Prices of Different Providers
- Terms and Conditions
Are There Free Financial Data Providers?
In most cases, there are no free Market Data Providers for business purposes. However, for the traders’ side, some platforms offer free market data to their users already included in the subscription fee together with the platform and the trading offering, like NinjaTrader, TradeStation, etc.
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology