Global Financial Data is happy to announce that it has added over 1600 new exchange rate files to the GFDatabase, doubling the number of exchange rate files within the database.
All of the new files are cross exchange rates between currencies other than the United States Dollar with over 100 cross rates to the Euro, 70 cross rates to the British Pound, 50 to the Canadian Dollar, and so forth. Virtually all of the series have daily data that extend back to 1900. Many of the series have monthly data that extend back into the 1800s.
If you know the currency codes that are used by the ISO, you can put together the symbols for these currencies. The first three letters are the ISO currency code for the currency the data are in terms of, while the second group of three letters is how many currency units are needed to obtain the primary currency. As an example, CADEUR would tell you how many Euros are obtained for a Canadian Dollar. EURCAD would tell you how many Canadian Dollars are obtained for a Euro.
Global Financial Data has updated a number of its long-term government bond series. These updates include both the 10-year Benchmark Bond files as well as the Total Return Series for Government Bonds. Data for several of these countries, such as Austria, Denmark, France, the Netherlands, Russia, Spain and Sweden now extend back to the 1700s. Other series have been extended further back into the 1800s and have improved their granularity.
During the past few years, Global Financial Data has added extensively to its Fixed Income Securities Database which now includes over 6000 files. This database includes data for both corporate and government bonds from New York, London, Paris, Amsterdam and other exchanges. All of these exchanges were international in their coverage, listing bonds from countries throughout the world.
Global Financial Data is pleased to announce its partnership with Updata to provide its long-term, historical data series through their software platform. Updata is the leader in providing tools that allow unparalleled technical analysis of data from other sources. Through Updata, GFD’s subscribers can use the multitude of tools that Updata offers to analyze, backtest and screen the extensive data series that GFD provides to its clients.
- The widest range of high-end technical analysis techniques
- Quick and easy manipulation and visualization of data sets
- The ability to cross compare and analyze with data from over 20 other vendors
- Powerful back-testing capability – with over 800 pre-written indicators and studies
- Productivity tools for faster report writing and publishing
Background
Global Financial Data was founded 20 years ago to provide the most complete, long-term financial and economic data series available anywhere. The GFDatabase is used by hundreds of money managers and by major universities throughout the world. Data from GFD has been used in over a thousand academic articles and books, including the research of Nobel Prize winners. The company’s headquarters is in San Juan Capistrano, California.
Global Financial Data has eliminated the exchange bias.
Other stock databases limit themselves to providing data from the national exchanges, ignoring thousands of local companies that investors in the past would have considered when making their investments. Just as analysts and researchers want to avoid the survivorship bias of ignoring companies that have delisted, researchers and analysts should also avoid the exchange bias of ignoring the thousands of companies that listed on the regional, but not the national exchanges.
Data from the regional exchanges covers not only smaller, local companies that listed exclusively on a regional exchange, but also many companies that listed on a regional exchange as a first step before moving to the New York Stock Exchange or New York Curb/American Stock Exchange. Companies that listed on the regional exchanges included not only local manufacturing companies, but local banks, utilities, resource and transportation companies.
Monthly price data are now available in the US Stocks Database for the following exchanges:
- Baltimore –1803-1862, 1878-1949. In 1949, the Baltimore Stock Exchange merged into the Philadelphia Stock Exchange and ceased to exist.
- Boston—1789-1972. Boston was one of the premier stock exchanges up until World War I. Many New England manufacturing companies listed exclusively on the Boston SE.
- Chicago—1889-1949. Chicago provided listings for many local companies which went on to list on the New York Stock Exchange and New York Curb and was one of the largest exchanges in the US before World War II. The Chicago SE merged with several other stock exchanges in 1949 to form the Midwest Stock Exchange.
- Cincinnati—1912-1941. This was one of the smaller, regional exchanges.
- Cleveland—1912-1949. The Cleveland Stock Exchange merged into the Midwest Stock Exchange in 1949.
- Detroit—1926-1972. Many companies related to the auto industry listed on the Detroit SE.
- Los Angeles—1924-1956. Many local oil and mining companies listed on the Los Angeles SE. It merged into the Pacific Stock Exchange in 1956.
- Midwest Stock Exchange—1949-1972. This was the successor to the Chicago, Cleveland, New Orleans and St. Louis Stock Exchanges.
- New Orleans Stock Exchange—1810-1858, 1912-1931. This was a small, regional exchange that merged into the Midwest Stock Exchange in 1949.
- Pacific Stock Exchange—1956-1972. This was the successor to the Los Angeles and San Francisco Stock Exchanges. The exchange was acquired by Archipelago in 2005.
- Philadelphia Stock Exchange—1786-1850, 1878-1972. In the early 1800s, the Philadelphia SE was larger than the New York SE. Along with the New York and Boston SE, it remained one of the premier exchanges in the United States throughout the 1800s. It absorbed the Baltimore SE in 1949, the Washington SE in 1954 and the Pittsburgh SE in 1970.
- Pittsburgh Stock Exchange—1908-1970. A small regional exchange with many companies in the steel industry. It merged into the Philadelphia SE in 1970.
- San Francisco Stock Exchange—1905-1956. The San Francisco SE provided data on many local utility, oil and mining companies, and merged into the Pacific SE in 1956.
- St. Louis Stock Exchange—1912-1941. The St. Louis SE listed a number of apparel companies and merged into the Midwest SE in 1949.
- Washington Stock Exchange—1900-1931. This is a smaller regional exchange which merged into the Philadelphia SE in 1954.
