Financial markets are constantly evolving, and individual investors are increasingly demanding more access to better information. One way to provide this is with real-time APIs.
Many APIs are out there helping investors reach the latest financial data with a free subscription, such as Financial Modeling Prep, and digging out many more for users through its unique but friendly user experience.
This article will explore the user experience of real-time APIs for investors, what they are, and how they work to provide authentic data to investors who need to proceed with their investment decisions more confidently!
Reasons Real-Time APIs are Grabbing Investor’s Attention through UX
The API platform is built to be scalable and accessible by all
The API platform is built to be scalable and accessible to all. It can also be integrated with any broker’s website, giving their customers the power to update their account information in real-time at any time of day or night.
APIs are now how most companies communicate with their clients, and investors can now access real-time data themselves without having to rely on getting updates from their broker.
Real-time APIs will also help brokerages by improving customer service at all levels of the company. They will be able to provide transparent and up-to-date information about their clients’ assets, such as transactions, account balances, and dividends. This level of transparency puts the customer first, which is a good thing for everyone involved.
It’s easy to use, with an intuitive interface that anyone can understand
It’s easy to use, with an intuitive interface that anyone can understand. The majority of the backend infrastructure is invisibly powered by real-time data APIs, which are the company’s lifeblood.
The current trend is moving towards real-time APIs for web services. It’s important to understand the benefits of these types of API as they become more and more popular, especially as they’re used in areas such as finance and banking, where accuracy and precision are crucial.
No more waiting for hours or days for your information – just seconds!
Real-Time Data APIs reduce the lag time between when information is obtained and when it can be acted upon. No more waiting for hours or days for your information – just seconds!
There are real-time data APIs for almost anything you need, such as weather reports that update every second with the most current temperature, or a price list that can be accessed by anyone, or even a running tally of your checking account that shows every transaction as it happens.
Provides a unique perspective on the market through high-frequency trading
High-frequency trading, an equity trading strategy that utilizes computer algorithms to trade stocks in fractions of seconds, offers a unique perspective on the market.
The HFT strategy provides individual investors with opportunities to buy and sell shares of stock without actually owning them. It’s also possible for investors to use the HFT strategy as a form of insurance against their current investments by buying stocks they believe are likely to rise in value.
Real-time APIs can help investors monitor stocks, bonds, and commodities
In order to make better decisions, and can provide up-to-the-minute data and information to help them be more successful.
Real-time financial APIs give investors the ability to access real-time content, such as:
- Real-time stock prices
- Live account information
- Order book activity
- Historical data in JSON, CSV, XML or HTML
Real-Time APIs are becoming critical for companies who want to stay competitive in today’s markets, and thus they are creating more of their content as JSON or XML formats.
Real-time data is valuable because it’s up to the minute
Real-time data is valuable because it’s up to the minute. It can be helpful in a situation where something unexpected happens, and you want to know what happened right away.
Real-time APIs can be a ‘game changer’ for both the investor and the broker alike because it gives them access to information that was previously only available through subscribing to several different services. It also makes better use of brokers’ time by reducing the number of phone calls they receive from their clients asking for updates on their accounts or the market.
Real-time data is a necessity for the modern investor
Real-time data is not just important in emergencies. It’s a necessity for the modern investor who needs to react immediately to breaking news, changing market information, or volatility in their investments.
Many of today’s top apps are built on the back of real-time APIs. For example, some APIs let you check in to a location or read other people’s tips about a restaurant.
The New York Stock Exchange is also a major user of real-time data APIs.
The NYSE went even further and launched a real-time data feed that combines an array of real-time market data such as quotes, charts, and historical data into one source. This allows investors easier access to all the information they need in an efficient format that’s easy to read and actionable.
The availability of real-time data in a usable format is a huge step forward for both brokers and investors alike, as it eliminates much of the guesswork involved with traders having to call their broker every time they need an update on the market. It also frees up their brokers to spend more time with existing clients instead of making phone calls for updates and makes it easier for them to sell their services since investors can now take advantage of stock quotes instantly through online banking or other digital tools that utilize the information via APIs.