Managed Services
The managed offering comprises two different services:
- Web Service (.NET and SOAP Web
service, accessed via HTTP or HTTPS)
- Data Feed (daily data in XML, INI, JSON, JSONP, TSV or
CSV format, accessed or fed
via HTTPS, HTTP or FTP)
Managed Services vs. Currency Server
Software
The Managed Services are powered by
Currency Server, and
are geared towards a public who prefers a managed
service without requiring the features made available by
the Currency Server software itself.
It is always possible to switch from the managed
service solution to an in-house deployment of the server
software, in consideration of requirements such as
performance, latency, quality assurance, and advanced
customization options. It only takes
a few minutes to
set up Currency Server and access its Web service
interface, or configure it to write the data to a file.
As the interfaces do not change, code investment is
always preserved.
Source of Exchange Rate Data
While the Currency Server software supports the ability to fetch exchange rate
data choosing from a variety of different FX
feeds, including both free (e.g. national
central banks) and subscription-based (i.e. commercial data providers)
organizations, the data provided as part of the Managed Services is
selected and aggregated by the Currency System platform.
The Currency System exchange rate data feed covers a selection
of more than 100 major currencies, which are fetched from
different official sources of daily reference rates,
such as the European Central Bank, the Bank of Canada,
the Federal Reserve Bank of New York and the
International Monetary Fund. The system runs on a set of
multiple servers which include primary and backup Web
service and data feed servers, and more systems to
fetch, analyze and post new rates, and to cross-check
the functionality of all servers.
The service provided by Currency System aims to cover
essential and popular requirements, including that to
run Currency System's own software products out of the box with
a default initial FX feed connection. If you need to
support additional currencies, or if you require full
control over the choice of data source(s) we recommend
that you consider the
Currency Server software, which supports a
diversity of exchange rate data feed services out of the
box.
Non-Exchange Rate Data
In addition to exchange rates, the Managed Services include non-exchange rate properties (e.g.
currency codes, names, smallest units, etc.) as outlined
on this page:
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