A rate at the moment you need it
The rate as it stands when the job runs, not as it stood the last time somebody refreshed a cached figure.
What it is.
One reference conversion, quoted per call. A monthly plan you use twice costs more than the year of calls it replaces.
What you send
A currency pair, and an amount if you want it converted.
What comes back
- A reference rate, with its timestamp
- The converted amount
- The source the rate came from
Who reaches for it
Anyone pricing across currencies occasionally, and agents quoting a figure a person will act on.
Instead of.
A market data plan priced for a trading desk, for a handful of conversions a week.
A rate at the moment you need it
A currency pair, and an amount if you want it converted.
Per request
The price is set by the provider and shown in euros before anything runs. Nothing renews, and a month you ask for nothing costs nothing.
The result
A reference rate, with its timestamp, and the rest of the record with it.
What else people ask for.
Market data for one instrument
Quotes and reference data for the thing in front of you, not a terminal seat for the desk around you.
Identifier validation
VAT, IBAN and company numbers checked against the source before they reach an invoice or a payment run.
Sanctions screening, one name
The check that is normally sold as an annual contract, available for the single counterparty you are onboarding today.