Where does forex data come from?

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It is challenging to ascertain the forex data source, reliability and accuracy without a centralized verifying exchange. Multiple over-the-counter players, like banks and brokerage firms, trade currencies. The currency prices may be unclear at different phases of forex trading, such as:

OTC or over-the-counter trading involves broker-dealer networks buying and selling currencies. However, these are not centralized exchanges. The currency prices are derived mainly from a quote-driven market based on bid and ask prices. The forex data feed presents a price offered but not necessarily traded. 

TraderMade aggregate the data from multiple reliable sources trading currencies in large volumes. Explore more about deriving currency prices and data aggregation to ensure the best quality forex data through about sourcing forex data.

We provide low-latency, accurate, curated currency rates in real-time. You can rest assured that our real-time forex data is the most updated. Similarly, we provide accurate historical forex data for different intervals.