Commodity and Index APIs

What is a Commodity?

A commodity is raw material that is typically traded on a market. These commodities can be categorized into 4 main groups: metals, energy, livestock, and agricultural. These commodities are worth their spot price, or the price that it can be traded at any time in the market.

What is an Index?

An index is an average of a certain section of the market that is used to measure the market as a whole. Some of the different indices include the Dow Jones Industrial Average, S&P 100, Russell 2000, and the CBOE Volatility Index.

What Are the Different Types of Commodity APIs and Index APIs

There is a plethora of both commodities and index APIs:

Commodities:

  • Silver price
  • Oil price
  • Rhodium price
  • Coal price
  • Steel price
  • Copper price
  • Coffee price
  • Natural gas price
  • Wheat price
  • Cotton price

Indices:

  • Dow Jones Industrial Average
  • Russell 2000
  • S&P Global 100
  • BDI Index (Baltic Dry Index)
  • Investor Sentiment Index
  • Consumer Confidence Index Data
  • Nikkei Index
  • BPI Index (Baltic Panamax Index)
  • CBOE Volatility Index

Why is a Commodity or Index API Useful to Me?

An API may be useful if you are looking for any information related to commodities or indices. These commodity and index APIs contain data sets that contain important figures and statistics. These data sets let you quantify the information and use that information systematically. Quantifiable data is important because investors need to be able to make trades based on that information.

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