TraderMade Offers Forex Data via Snowflake
16 December 2024
TraderMade has partnered with Snowflake, an innovative and scalable cloud platform, to significantly improve financial data accessibility. This partnership merges TraderMade’s reliable, high-quality forex datasets with powerful data-sharing capabilities, creating a seamless experience for users seeking efficient workflows and actionable market insights.
Free Forex Sample
Discover the power of high-frequency data with TraderMade’s free historical tick Forex sample, now available through Snowflake. This dataset offers:
1) Over 2.3 million rows of tick-level data for a single day.
2) Coverage of five major currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, and USDCAD.
Designed for applications like risk modeling, asset valuation, and AI research, this sample is an ideal starting point for organizations seeking to explore the capabilities of granular Forex data.
Free Tick Historical Forex Sample
TraderMade offers a free tick-level Forex data sample on Snowflake to showcase the quality and granularity of our data. This sample is ideal for organizations exploring the potential of high-frequency data in risk modeling, asset valuation, and AI research.
What’s Included:
A) Over 2.3 million rows of tick-level data for a single trading day.
B) Coverage of five major currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, and USDCAD.
C) Fully accessible on-demand via the scalable Snowflake platform in over 47 regions.
This free sample enables businesses to test data integration, validate models, and develop solutions that leverage the power of tick data without initial commitments.
In Q1 2025, TraderMade will launch minute, hourly, and daily Forex data for over 60 currency pairs. This enhanced offering caters to a broad spectrum of financial applications, empowering organizations to:
a) Analyze trends with granular precision.
b) Improve forecasting models with high-quality historical data.
c) Streamline workflows with easy access to reliable datasets.
These datasets are designed for key use cases, including:
Asset Valuation
Accurate asset valuation is critical for financial analysts, investment firms, and multinational corporations. Inconsistent or imprecise foreign exchange rates can lead to misleading financial statements, poor investment decisions, and unnecessary exposure to risk.
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Risk Analysis
For businesses involved in international trade, currency volatility can pose significant risks, impacting profitability and long-term financial planning.
TraderMade’s real-time and historical Forex rates provide the tools needed to analyze currency volatility and mitigate risks:
a) Build robust risk management frameworks with granular data.
b) Forecast currency movements to protect against exchange rate fluctuations.
c) Strategize for financial stability in volatile market conditions.
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Regulatory Reporting
Multinational corporations must comply with international accounting standards, which require precise and reliable exchange rates for financial reporting.
TraderMade’s expanded data offerings will streamline regulatory reporting by providing consistent and accurate historical Forex data:
a) Automate compliance with IFRS and GAAP standards.
b) Maintain accurate financial statements for audits and shareholder transparency.
c) Simplify reporting processes by leveraging Snowflake’s scalable data-sharing platform.
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Market Analysis
For financial strategists and businesses, understanding market trends is essential for creating actionable insights and making smart decisions.
With minute, hourly, and daily data covering 60+ currency pairs, users can run sophisticated models and AI training on accurate data with the higher data security standards set by Snowflake.
Why Choose TraderMade and Snowflake?
The partnership between TraderMade and Snowflake offers businesses unmatched advantages:
1) Scalability: Access vast datasets with Snowflake’s elastic platform, ensuring rapid performance and reliability.
2) Accuracy: TraderMade’s Forex data is trusted by leading financial institutions for its precision and historical depth.
3) Ease of Integration: Forex intelligence can seamlessly integrate into your existing analytics workflows, supporting structured and semi-structured data formats.
4) Security: Snowflake complies with enterprise-grade security standards, even for the most sensitive applications, and ensures data protection.
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Get Started Today
Start exploring the possibilities now with TraderMade’s free tick historical Forex sample on Snowflake. Contact us to learn how our upcoming minute, hourly, and daily data offerings can empower your risk management, asset valuation, and financial analysis workflows. All Data is available on demand.