Futures Price Data: Best Futures Price Datasets & Databases

What is Futures Price Data?

Futures are contracts to buy a specific commodity or good in the future at a predetermined date and price. When this predetermined time comes, the purchase must be completed regardless of the current market price of the commodity. This means the potential for profit is huge, but so is the potential for loss as traders are betting on the future value of a commodity. A futures prices dataset will provide information about the current and historical prices of futures and this intelligence is used by traders to make well-informed decisions when trading on the futures commodities market.

How is Futures Price Data collected?

Futures data is collected like many other financial market data. Data providers and market researchers collect information about the current prices of futures and the amounts they were sold for as well as their current market prices. This information can be collected from the stock markets themselves as well as different companies press releases which may provide trade details when a particularly successful or unsuccessful trade was made. These different sources can be mined for information about current and historical futures prices. In a futures price dataset, historical data is equally important as it can be used to identify price trends over time and whether a commodity is particularly valuable at the moment or likely to be valuable in the future.

What are the attributes of Futures Price Data?

The typical attributes of a futures price dataset are relatively self-explanatory. These datasets will tell you about the prices of different futures that are currently being traded or have been traded in the past. They will provide information about the asking price that was originally set for the commodity and the price it sold at. It may also compare this price to the market-value of the commodity on the day it was eventually sold.

A futures dataset may also provide historical price data relating to similar commodities which have been sold previously which can be used to identify market trends and areas of potentially high yield.

What is Futures Price Data used for?

Anyone involved in or interested in futures trading will probably use futures price data in some form. Due to the potential high profits of the futures trading market, traders and investors want to make sure they are making the most informed decisions to try to maximize their profits. They can use long-term data to try and analyze market trends and identify areas of the highest yield to generate the greatest profits possible. Market research agencies are used by investors to highlight potentially profitable markets and commodities, which they do by analysing futures prices data. They use this intelligence to create reports which can then be sold on to clients for profit.

In-house analysts rely heavily on futures price data to predict how the market might change and to ascertain whether a certain investment is likely to be profitable when the commodity is finally sold on a set future date. They use futures price datasets to better understand the market and advise traders on areas of high yield.

How can a user assess the quality of Futures Price Data?

As futures prices change constantly as well as the market value of commodities, it is important to have a futures price dataset that is kept up-to-date with the latest prices of futures. This information is relied on by traders and so must provide accurate and precise information about current and historical futures prices.

You should ask for a data sample before buying any futures price datasets and always read the data provider’s reviews before you purchase to ensure that the data is of the highest quality possible.

Where can I buy Futures Price Data?

Data providers and vendors listed on Datarade sell Futures Price Data products and samples. Popular Futures Price Data products and datasets available on our platform are EDI Company Future Events Data by Exchange Data International, AlgoSeek Futures Trade and Quote data US coverage - historic data till 2010 by AlgoSeek, and Historical Timeseries Database by Cryptoquote.

How can I get Futures Price Data?

You can get Futures Price Data via a range of delivery methods - the right one for you depends on your use case. For example, historical Futures Price Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time Futures Price Data APIs, feeds and streams to download the most up-to-date intelligence.

What are similar data types to Futures Price Data?

Futures Price Data is similar to Options Price Data, Options Data, Futures Data, Derivatives Reference Data, and Swaps Data. These data categories are commonly used for Price Analysis and Pricing Analysis.

What are the most common use cases for Futures Price Data?

The top use cases for Futures Price Data are Price Analysis and Pricing Analysis.