Stocks, Futures and Foreign Exchange Market End of Day Data in MetaStock and ASCII format

		Stocks, Futures and Foreign Exchange Data for markets in US, UK, Australia, Asia and Europe

FOREIGN EXCHANGE DATA
Overview \| Database \| Maintenance \| Pricing

Overview

The foreign exchange market differs from stock markets or futures markets in that there is no physical location or central exchange where trading takes place. Instead, the market consists of a network of large banks and dealers, with much of the trading handled over the phone. In recent years, private traders have been able to gain access to this "over-the-counter" market through retail-level currency brokers and online trading platforms.

In every currency transaction, a trader simultaneously buys one currency and sells another. The first currency in the pair is referred to as the base currency, and the second currency is the counter or quote currency. The U.S Dollar (USD), as the world's dominant currency, is usually considered the base currency for quotes - e.g. USD/JPY, USD/CHF, and USD/CAD. This means that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair.

A quote of USD/JPY 120.05 means that 1 unit of the base currency (one US dollar) is equal to 120.05 Japanese Yen.

TXL Data provides data for 41 currency pairs and their corresponding flips.

Basic Package

TXL Data offers an end of day data service for foreign exchange. The data is updated at 6:00 pm New York time. The closing price is derived from prices prevailing at 5:00 p.m. New York time which, by convention, marks the end of the foreign exchange trading day. The following trading day's opening price is determined by the first trade that occurs after 5:00 p.m. New York time.