If you trade stock, forex, or the commodity market, you probably know that clean data is an enormous part of being a successful trader. Having clean data is imperative to your success, a small data error of a missing “0” or a decimal in the wrong place can kill you. In this tough market, having the cleanest and most accurate data around is imperative to success. Who has the cleanest market data: CSI or CRB Data?
Both CSI and CRB Data are both known players in the data industry. CSI has been around for over 35 years, and CRB is no newcomer either. In my quest for clean data, I have done a ton of research. In the past 10 years, there has only been one study that I could find that tested these end of day data providers against each other. It appeared in Futures magazine in the September 99 issue. It indicated that CRB Data committed 311% more errors than CSI.
Of the 13 data companies listed, the data firm that came in second committed 144% more errors than CSI. CSI’s data is nearly flawless compared to the other data providers. This is why CSI is the only market data I will use for my Forex trading, I definitely can’t afford a bad number. Basing a decision off of a bad number could lead to tens of thousands of dollars in loss in the commodity or forex market.
I would highly recommend CSI data to anyone with end of day market data needs. Not only is there data clean as a whistle, but the customer service is top notch, and the software is very easy to use.