The TradingView financial charting tool and trading platform has posted a publication in its blog explaining that there are discrepancies between the historical data of the largest US forex broker FXCM on the TradingView platform and the data on FXCM’s proprietary platform Trading Station.
According to the post, the problem stems from FXCM’s application program interface (API), which does not guarantee all ticks are delivered to a charting platform like TradingView. The broker’s API has a limited capacity and can send only up to 2 ticks per second. So, whenever the market activity is increased, some of the ticks might get lost and this results in a slight difference in the historical bars on TradingView and those on FXCM’s Trading Station, which displays all the ticks.
It seems, however, that there is no solution to the problem in sight. “We’ve been in touch with FXCM engineers, however no solution for the API integrated on TradingView has been provided by this moment”, notes the author of the TradingView post. The developer instead suggests that the customers can alternatively use forex and CFD data from the Interactive Data Corporation (IDC) – a provider of financial market data, analytics and related solutions.
This is not the first time TradingView users are having problems with the FXCM data feed. Earlier this year the broker’s data network had an issue and the charts stopped updating. This affected both FXCM’s native applications and the external charting platforms like TradingView. The outage was fixed quickly, but resulted in a 30 minutes gap in FXCM data on all markets.
TradingView is one of the major providers of charting tools and real-time market data. It offers a wide array of features, drawing tools, technical indicators, technical analysis tools, etc. It also provides a trading platform, used by more than 1 million active traders who use the social trading tools to share and discuss ideas and strategies. TradingView offers charting widgets for embedding free real-time quoting and charts, free charting library, front-end trading terminal and publishing and social tools.