What are the best tools for calculating SOFR in Excel for cryptocurrency trading?
Bruno PorcherDec 17, 2021 · 3 years ago3 answers
I'm looking for recommendations on the best tools to calculate SOFR (Secured Overnight Financing Rate) in Excel specifically for cryptocurrency trading. Can anyone suggest any reliable and accurate tools that can help me with this? I want to ensure that I have accurate data for my cryptocurrency trading strategies.
3 answers
- Dec 17, 2021 · 3 years agoOne of the best tools for calculating SOFR in Excel for cryptocurrency trading is the Bloomberg Excel Add-In. It provides real-time and historical data on various financial instruments, including cryptocurrencies. You can easily access the SOFR data and use it for your calculations and analysis. It's widely used by professionals in the finance industry and is known for its accuracy and reliability.
- Dec 17, 2021 · 3 years agoYou can also consider using the FRED Excel Add-In. It's a free tool provided by the Federal Reserve Bank of St. Louis. It offers a wide range of economic and financial data, including SOFR. The data is regularly updated and can be easily integrated into your Excel spreadsheets. It's a great option for those who are looking for a cost-effective solution without compromising on data quality.
- Dec 17, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, offers an Excel plugin that allows you to calculate SOFR and other financial indicators directly in Excel. It provides real-time data and advanced analytics tools to help you make informed trading decisions. The plugin is user-friendly and suitable for both beginners and experienced traders. It's worth checking out if you're looking for a comprehensive solution specifically designed for cryptocurrency trading.
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